The fact is that markets price energy wrongly. They price oil and gas based on current demand and supply, and not based on the costs to the planet in pollution, global climate change, sea level rise, and more.
This is, as Lord Nicholas Stern famously put it, history's greatest case of market failure. Recent events demonstrate the sheer radicalism of the necessary cure.
Business as usual is just too convenient, too easy, and incremental change will not save the planet. Sure, oil production will peak at some point.
But by then the earth could be a very unpleasant place. Sorry, folks, but the argument that we are running out of oil just doesn't cut it. If only things were that simple.