[mytec]

I agree. Outside of energy, we'll still need oil for asphalt, plastics and other synthetic materials. It doesn't seem like those needs are going away anytime soon.

[smt1]

Some of that oil can at least be substituted with other sources of hydrocarbons, especially natural gas (just like coal->ng): https://www.bcg.com/en-au/publications/2017/energy-environme...