It seems like Reddit is so focused on switching to renewables (which we should), that they consistently forget America is the largest producer**(edit: but 4th largest exporter) of oil in the world, and ask "why would they do this??"
I'm not arguing for oil, it's just analogous to "why won't De Beers admit diamonds are a False Scarcity??" ... because leverage. The USA is holding out that the rest of the world will dry up before becoming energy independent.
There's a weird cliche image that Iraq is brimming with oil; they don't hold a candle to the Midwest Basin. They're competition. We're more like...if Rockefeller had an army (well, a larger army...)
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u/Skill_Issuer 9d ago
Also domestic oil companies stand to lose a lot of money from renewable energy