I’m afraid that you’re right, and that the US will become more Texas-like as a result. It’s too oil-addicted to say no. Their transition efforts show that they expect to continue consuming high levels of oil for at least the next few decades. They’re just going to keep sending more money to Texas to open up more wells, which Texas will then use to influence national policy and prevent attempts to properly transition and build resiliency for the future. A dangerous feedback loop - especially when most major nations are trying to get away from oil reliance. Even the Saudis have started diversifying in preparation. But I guess the US made its bed, and now it must lie in it.
I’m afraid that you’re right, and that the US will become more Texas-like as a result. It’s too oil-addicted to say no. Their transition efforts show that they expect to continue consuming high levels of oil for at least the next few decades. They’re just going to keep sending more money to Texas to open up more wells, which Texas will then use to influence national policy and prevent attempts to properly transition and build resiliency for the future. A dangerous feedback loop - especially when most major nations are trying to get away from oil reliance. Even the Saudis have started diversifying in preparation. But I guess the US made its bed, and now it must lie in it.