Which will do nothing about demand from your fellow citizens to consumer refined oil products such as gasoline, so another refinery will be built and they will carry on as usual.

As long as it's free for individuals to pollute, we are going to demand polluting products & services without regard for the environment.

The solution is to price externalities, but your fellow citizens will vote out anyone who suggests those cuz they like polluting for free.

Collectivism will fare no better unless it's a dictatorship (which they all devolve to eventually, but putting that aside...) After the people's revolution they will demand the right to unlimited driving for $0 and stage a revolt should the vanguard elite suggest that unlimited driving for $0 might not be good thing.