The Oil Field

The western governments are stuck in the sunk cost fallacy. They're just looking at a steam rolling train coming right at them, and refusing to admit the reality of the situation. And as a result, you have an investment paralysis where the industry doesn't want to invest in things that they may or may not be able to pursue. You've got years of uncertainty related to what the government is going to decide to do in terms of fossil fuel industry. There's mass opportunity costs not letting that go.