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myrmidon 4 days ago

> Countries that can be oil independent definitely should do that.

This does not necessarily follow.

Doubling down on becoming oil independent might have a massive price because the required investments into extraction and refining industry could also be spent on renewables.

Furthermore, we already see renewables outcompeting fossils on price/kWh, so ending up in a really inefficient sunk-cost pit is pretty likely, with all the refinery investments not even paying back their cost because a conflict now does not guarantee that fossil prices/demand will stay high.