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I think this makes perfect sense as the Financial Times is not Russian, Nigerian, Mexican, Saudi, or Venezuelan. Pump their oil dry and sit tightly on the reserves in the North Sea. That way, a decade or three later, you are the only one left with any oil at all. Same for the US and oil in Alaska - sit on it as long as you can. That way, in 50 years, when we are all driving our mad max mobiles, we can be the ones who run the thunderdrome.
Back in the real world, it seems like the only sensible thing for any country to do would be to pour all the available non-renewable resources into the development of renewable ones.
