It sounds like a thought-terminating cliche. Sort of like saying that we should solve all our problems on Earth before we start exploring space. If Saudi Arabia’s marginal oil is less cost-effective than fracking, then it’s better for them to stop extracting as much and us to extract more. Are you trying to say that we should stop our own production first regardless, or that fracking has the lowest cost-effectiveness and we should worry about fracking before drilling?
Changing oil extraction rates is a complex political issue where price isn’t the only variable that matters. Neither of the statements you made matches the one I made above.
It sounds like a thought-terminating cliche. Sort of like saying that we should solve all our problems on Earth before we start exploring space. If Saudi Arabia’s marginal oil is less cost-effective than fracking, then it’s better for them to stop extracting as much and us to extract more. Are you trying to say that we should stop our own production first regardless, or that fracking has the lowest cost-effectiveness and we should worry about fracking before drilling?
Changing oil extraction rates is a complex political issue where price isn’t the only variable that matters. Neither of the statements you made matches the one I made above.