There was no change in amount of oil in the ground, just greed and panic as everyone was reminded that the world oil markets were at the mercy of a surprisingly few oil traders and heads-of-state.
Anyone who remembers the Hydrogen Economy arguments in the 21st century (which seem to have mostly faded at this point) should readily recognize that government should be pouring more of its money into encouraging innovation, not pre-selecting technology solutions.
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I also wonder how much internationally policing (by us and others) might be reduced by such a change.
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