I live in the mountains of Colorado. We got tired of the Black Snow that NYC put up with all the way into the 2000s. We stopped it in the 1970s. We gave up our coal fired furnaces, and factories and, yes it hurt. Today, we have almost 100% renewable energy from Hydroelectric, Wind and Solar. We shut down our last coal fired plant about 5 years ago. The employees stayed on to clean up the mess until now. Now, they are trying to figure out what to do with that work force. If you have a coal fired plant, not far from it you will have at least one mine. You shut down the plant you also shut down the mine which uses the bulk of the coal taken from the mines. That's a few thousand workers.
Does that affect the price of oil? Sure it does in the short term. Until new uses for coal and oil are found. For instance, we had a series of 10 mines shut down due to a severe reduction in coal exporting. It wiped out an entire town. People were destitute. One very rich couple came into town and fell in love with the place and converted those 10 mines into a fiber optic plant. Coal can be made in fiber optic as long as you don't have to transport the raw material very far. Everyone is back to work, they actually had to bring in more people and the wages are better than ever. They fully automated the mines and put the people to work in the manufacturing side making their health much better.
As for oil, we were sucking too hard on the Petro Titt. Electric Cars predates Gasoline cars but there was about a 100 year period where the electric car was just set aside and not advanced. It wasn't until the 1990s that the electric transportation was seriously looked at and began developing. It took Gasoline cars about 50 years to reach decent maturity once they became something other than an oddity. Start counting on the the Electric Car from 1990 and it's actually ahead of the Gas Powered Car on development. 2024 is going to be a fun year for everyone. Get ready for some staggering performance and a bunch of under 10K cars.
Now, we have to figure out how to pay for the roads and bridges to drive these new cars on. Care to work on that because you ain't going to stop it,