Is ether destroyed?

cointoncointon Member Posts: 9
Thinking about the analogy to oil, but don't see any mention of transactional destruction of ether in the white paper.
If the analogy is to fit, it certainly should be.
Considering the oil analogy is used in one sense to imply value, imagine if all the oil ever mined still existed.
Isn't destruction just as useful a tool as inflation?
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