The answer to this in capitalism is Keynesian economics. Raise tariffs to reduce demand and redistribute that money to everyone (through public works; lowering other taxes; universal basic income; or literally burning the money to reduce inflation and make people richer in proportion to their wealth).
Unfortunately, the capitalism the US government subscribes to is centralization of wealth through insider trading on economic shocks. When those tanks run dry and there is an economic crisis, the white house will have the authority to respond to the crisis. It will communicate its planned response to favored investors, allowing them to make the right investments to profit off the crisis, while investors who don’t have the white house’s favor have to guess and will therefore end up transferring wealth to those with better information through the stock market.
Elon Musk is a trillionaire because he has the white house’s favor, and so insider trading on government policy has exploded his wealth. When these oil reserves run dry, the white house will choose some response, and whatever that response is the white house’s clients will be in the right place at the right time to make a profit.
The answer to this in capitalism is Keynesian economics. Raise tariffs to reduce demand and redistribute that money to everyone (through public works; lowering other taxes; universal basic income; or literally burning the money to reduce inflation and make people richer in proportion to their wealth).
Unfortunately, the capitalism the US government subscribes to is centralization of wealth through insider trading on economic shocks. When those tanks run dry and there is an economic crisis, the white house will have the authority to respond to the crisis. It will communicate its planned response to favored investors, allowing them to make the right investments to profit off the crisis, while investors who don’t have the white house’s favor have to guess and will therefore end up transferring wealth to those with better information through the stock market.
Elon Musk is a trillionaire because he has the white house’s favor, and so insider trading on government policy has exploded his wealth. When these oil reserves run dry, the white house will choose some response, and whatever that response is the white house’s clients will be in the right place at the right time to make a profit.