They absolutely can, just not as much, and not in the ways they’re used to. They’ve invested heavily in oil based products up to and including fighting many many wars as well as shaping their entire international policy around it.
They could pivot to renewables, something several Democrats started the process of doing, but until the pivot completes their profits would take a nose dive (plus the massive losses from the heavy investment into oil refineries). Even then though the unfortunate crux of the matter is that rare earth metals are an increasingly vital component of all future technology and the biggest deposits of those are all very inconveniently placed from a US perspective (almost exclusively within the territory of countries the US has a somewhat poor relationship with).
They support pollution and money. They can’t make money off renewable energy.
They absolutely can, just not as much, and not in the ways they’re used to. They’ve invested heavily in oil based products up to and including fighting many many wars as well as shaping their entire international policy around it.
They could pivot to renewables, something several Democrats started the process of doing, but until the pivot completes their profits would take a nose dive (plus the massive losses from the heavy investment into oil refineries). Even then though the unfortunate crux of the matter is that rare earth metals are an increasingly vital component of all future technology and the biggest deposits of those are all very inconveniently placed from a US perspective (almost exclusively within the territory of countries the US has a somewhat poor relationship with).