Why care about oil when alternate fossil-fuel-free technologies have become mature? This could very well be the last straw to push many nations (except the U.S.) to massively buy Chinese solar panels and Chinese EVs to be oil independent.
Don’t let perfect be the enemy of good.
You're not from these parts, are you?
Shale oil and gas production in the US produces vast quantities of ethane as a byproduct. This ethane is cracked into ethylene, a feedstock for making plastic. There is an oversupply of the stuff.