The rise of EV’s will therefore strand more oil as smaller scale processing/distribution is less efficient. Being local to you doesn’t help because oil is transported to refineries before useful products are sent to you.
The crash continues to strand more production as refineries shut down.
It would seem that preventing local production and extraction for political reasons, would be a mistake. It would also seem that preventing pipelines would be too.
This makes sense. People are trying to stop a thing, via 100 paper cuts, instead of just stopping it. Meanwhile, this results in suboptimal production, which inceeases pollution.
If you expect future prices to spike then the wise choice is to avoid drilling until you can maximize gains.
If you expect future prices to remain unchanged then the wise choice is to avoid harming your local environment and have other countries despoil the own.
Only if you expect future prices to tank does it become a good idea to extract while the prices remain high.
So being local is again basically meaningless here.