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1 point

The oil will be drilled now or later anyway.

The question is how much is burned when and why. I can’t really see anyone anywhere being interested in consuming more oil. If consumption stays the same, he’ll basically just be dumping the price.

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3 points

Reducing oil prices reduces the financial incentives for using bicycles, taking public transit, living in a city and using renewable energy sources. Drilling itself also has environmental impacts.

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