Thing is, if there is a worldwide shortage, US wins. To the benefit of those on the political left, an oil shortage shows itself almost exclusively in poor cou

Thing is, if there is a worldwide shortage, US wins. To the benefit of those on the political left, an oil shortage shows itself almost exclusively in poor countries (because they actually don't have money to pay), and these tend to not have automotive industries of their own, thus have no reservations about switching to electric cars, which means that any oil consumption decline these days tends to be sticky - when the oil flow resumes, these people won't need it anymore. No one is going to get back to driving an ICE car once they tried electric, even if they initially did it under duress.