Now is the time to tax the crap out of it and put the proceeds towards subsidies for renewables.
Probably the dumbest idea ever. Taxing the “crap” out of them will not result in the complete collapse of the industry. Resulting in massive job loss, no proceeds to use as subsidies, and a huge increase in oil imports to make up for the loss of production. Literally the dumbest idea I’ve ever heard.
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