I agree with most of this. Oil is why the world now has 8bn mostly middle class people living comfortable lives. As it dwindles the effects will be painful. Some partial substitutes may ease that pain. Instead of petrol you can mow the (small) lawn with a battery model. Perhaps minimum wage workers can buy a 10 year old EV with a battery about to cark. Perhaps we can make nitrogen fertiliser with green hydrogen at 3-5X the price. I'm a bit sceptical about synthetic aviation fuel being more than a few percent.

When they can run aluminium smelters at 2am on solar power I'll believe how cheap it's all supposed to be. In 2040 it will be a 1940 lifestyle but with internet.

The transition from fossil fuels to renewables has long since gone beyond rational policy to become a global UN religion.

Albanese Labor fervently supports UN open borders and UN net zero, as does the great majority of the Australian "intelligentsia". Any challenge to this hegemony is shut down with three words - you're a racist.