Oil is without a doubt vital for parts of the world today.
I would say a large part.
Which is probably why Biden, (who signed the Paris agreement again
and supported COP28) has the US is producing
more oil than any other country on the planet.
Given that 2/3 of the oil production in the US comes from fracking
it is one of the worst ways to produce oil that is in current use.
If not the worst.
"No more drilling no more on federal land"
Except when there is money to be made.