It doesn’t have to be an outright ban. You could have tariffs on imported oil, subsidies for domestic oil production, or loosened regulations that make domestic production less expensive. Reducing oil use is important, but so is reducing reliance on foreign oil. While the former also helps accomplish the latter, increased domestic oil production could still be beneficial.
Comment on Oil
TheRaven@lemmy.ca 2 weeks ago
You don’t choose from where you get your oil. There’s one oil market. You can choose to ban imports of oil from certain countries (like Russia).
The better move is just to migrate further away from oil usage altogether.
ArbitraryValue@sh.itjust.works 2 weeks ago
monogram@feddit.nl 2 weeks ago
I seriously thought it was massaging/cosmetic oils that were advertised
Ghostalmedia@lemmy.world 2 weeks ago
The oil market actually has sub markets that break down by region and the type of crude that is being traded. Not all crude is created equal and there are different types of refineries that are designed to refine the different types of crude.
For example, a refinery that refines light / sweet crude won’t take the heavy stuff. Which is why places like North America export a lot of their domestic stuff. North America has a lot refineries looking for light crude, but pulls a lot of heavy stuff out of the ground.