The issue is that especially oil is a globally traded commodity. So increasing local production means you buy less from abroad and that means lower prices, so others are more likely to buy it.
Also the money can be used to invest into green infrastructure as well.
you can ‘expand’ local production to decrease reliance on foreign sources and still also decrease overall consumption.
The issue is that especially oil is a globally traded commodity. So increasing local production means you buy less from abroad and that means lower prices, so others are more likely to buy it.
Also the money can be used to invest into green infrastructure as well.