Yes, and a certain pipeline. However, the US is going to use oil. only now they have to buy it elsewhere. But they'll still use it, so what has been gained? Well, apart from something I am not allowed to talk about under our new masters.
Not exactly. Existing producers were a bit upset that they were unable to export their oil to the world market where it sold for a lot more than in Australia, and would be explorers certainly were not going to explore where returns would be far less than exploring elsewhere. The government took the view that as local production decreased, Australia would be paying world prices anyway, but if production could be sustained here, at least the royalties and taxes on production would go to Canberra not Riyadh.
The major beneficiaries from the change in oil pricing were shareholders in (mostly small) Australian oil companies, and long term, as a result of the exploration that followed, state and federal governments making major parts of their budget from royalties and taxes on the gas export industry that has resulted.
my b.i.l works in a dealership in the Caribbean and yesterday his boss....who owns nearly all dealerships in the Caribbean .....told him there will be a total phasing out of ice vehicles for sale in the Caribbean by 2025.
the only vehicles available by then will be electric. Mick , my b.i.l , is from today receiving and implementing a training program for his service technicians on new EV's from the major manufacturers and he will be busy travelling around the islands and the US training techs wherever they sell vehicles for the next 2 years.
it's very interesting that he can travel throughout the Caribbean and US extensively , but is really struggling to get clearance to come back to Australia for a months holiday.
sometimes this country seems so backward.
News in one country is GASP about to ban ICE lawnmower and whipper snipers! I love the quiet one I have now ear protection not really essential unlike the old ones.
My boat motor is for sale before that bites my butt[thumbsupbig] Mario even ribbed me about it when I took him fishing ( Ok it was a boat trip as my nav markers were way off target![biggrin]) Not that an option exists today to power it off the shelf. Not far I hear. [bigwhistle]
I've been looking at a lot of marine EV options on YouTube (just for interests sakes I dont own a boat at the moment) and I think its quite a few years yet before a practical option with decent range will be available.
(The issue being that the volume and weight of batteries required for a decent range is not practical for a small boat)
For larger boats, over time I can see catamarans becoming more common that monohulls due to added real estate for solar panels.
And, of course, there are sails. But this raises the question as to what you plan to make the sails out of, if there is no oil production? (Almost all sails are made of polyester, which is a petrochemical.)