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> Preventing extraction is pointless because it has the same effect as the first one

Yes, but it might raise oil prices, effectively making the carbon tax apply globally. Unless OPEC just compensates by increasing production. IMHO carbon tax indeed better tool for EU/US, given that most of oil production out of "our" control

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> might raise oil prices, effectively making the carbon tax apply globally

that statement upon examination does not pass scrutiny for weaslewords

> Yes, but it might raise oil prices, effectively making the carbon tax apply globally.

Which major countries could already do through tariffs on any country not collecting it, without giving the money to OPEC.

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