"If every oil exporter used some of their oil revenue to switch to EVs, that would, all things equal, hasten the transition to EVs."
The premise is all things aren't equal. The oil Norway would have used just gets used somewhere else so what difference does it make what Norway does instead. I don't know if that's the reality of the situation but if it is just an offset, it does sound like a bookkeeping trick doesn't it?
The premise is all things aren't equal. The oil Norway would have used just gets used somewhere else so what difference does it make what Norway does instead. I don't know if that's the reality of the situation but if it is just an offset, it does sound like a bookkeeping trick doesn't it?