As I say, it's all politics. There's a lot more oil and gas out there than currently exploited, especially gas, and especially shale ripe for fracking. The problem with fracking is political, as also in the UK, with the treehuggers being out in force with all sorts of wild scare stories and politicians being to scared to put means in force so even the exploration can go ahead.
I had hopes that Trump would have the balls to break OPEC, for allowing said cartel to operate helps nobody. But unless there's a new plan to get Iran onside and the oil flowing there then it's situation normal as far as pandering to certain countries goes, which means the current ripping off everyone.
But that's a side issue. The same problems apply. We've had knee jerk reactions to some dubious "science" which has led to a stupendous amount of money being squandered, money that would have been better used to find real, permanent and viable solutions that would have been starting to bring real efficiencies, etc, in regarding how we create and use all forms of energy worldwide.
As I say, wind/solar and EVs have a place, but they are nowhere near being the replacement they are claimed to be and it's time that was realised and some rational, long term, thinking was done.