Re: O&G, fed & state govts must choose:

1. *MANAGED* decline (public revenue diversification + strong safeguards + production "wind down" policies), or

2. *CHAOS* decline (oil company bailouts + rollbacks of climate, health, environmental safeguards). https://www.motherjones.com/environment/2020/04/oil-prices-are-below-zero-no-thats-not-all-good-news-for-the-environment/

The challenge? O&G industry, even when weak, holds immense political power (esp. by virtue of revenue paid to state govt.) it uses to capture or bully political leaders. This narrows the window of imagination down to one choice: prop up O&G production ...

...and pretend that we're not in the midst of a transformational shift compelled by the climate crisis but also the historically shitty boom-bust oil & gas model that doesn't serve the public good well.

We can do better, people.