Good. If oil production, even in the US, benefits the Chinese or Middle East rather than good ‘ol Americans or Canadians, maybe there will be stronger political impetus to move to alternatives, rather than staying in the 20th Century.
Time to start building out EV infrastructure and the nuclear and renewable plants to support it!
This being said, there may be laws against foreign ownership of US oil reserves. If there weren’t, why didn’t the Saudis buy up massive quantities of US oil infrastructure in the 1980s — the last time oil price corrected hard?
