The oil will run out “long” after current oligarchs are dead so they don’t care
Even if it is diminishing sooner than anticipated, would you want to be the one to tell oligarch #236311 that his oil fields and money are about to run dry, pissing him off? They’re surrounded with sycophants and suck ups who have their own money wells to run dry
Solar and other renewables have just enough real problems with them that aforementioned sycophants can blow it out of proportion and frame them as bad investments.
Systematic capitalism plus human greed heavily incentives short term thinking
The thinking probably goes along the lines of:
Systematic capitalism plus human greed heavily incentives short term thinking
Thankfully you’re overestimating the actual number of oligarchs. There are only just over 2500 billionaires, not almost 250,000.
Still just over 2500 too many
Any number greater than zero is too many billionaires.