Here we go again. If we do not fix the demand side of the problem, the supply will be there for us, regardless of how much we try to penalize the western oil companies.
To fix the demand side we need technological advances and help from regulation. BUT. Regulation itself cannot solve the problem. That is the elephant in the room. Regulations come and go, and they are bound by borders, but once a technology has been discovered there is no going back.
Tesla's 250 mile car and charging network in 2010 was the reason that gasoline will die in the US, not the 7k tax incentive on a 60k car.
To fix the demand side we need technological advances and help from regulation. BUT. Regulation itself cannot solve the problem. That is the elephant in the room. Regulations come and go, and they are bound by borders, but once a technology has been discovered there is no going back.
Tesla's 250 mile car and charging network in 2010 was the reason that gasoline will die in the US, not the 7k tax incentive on a 60k car.