Oil is finished after 100+ years of being the main agenda. Just like paper and silver and so many other "essential commodities" for enterprise, this is gong to take a while. Any portfolio should be based on Bitcoin and metals and tend to gravitate more and more towards these two as time goes on. Personally im going to start selling stocks and go on BTC and metals gradually over this decade.
What are you going to use as a substitute for it, I'm sorry? GLTY with Bitcoin...
Bitcoin in my wallet, electricity for my car, and some gold i'll keep around too for the good ol times sakes, but oil will eventally be deprecated. We will likely see very few oil based/consuming autos on our streets in the next 20 years. Battery technology has advanced as has wind and solar tech. Oil will rally from time to time but the game is over. The End
If the battery technology has advanced as you say, why should I still recharge my cell phone every night? Wind and solar tech is meaningless unless you somehow manage to store up electricity (or, at least, transmit it without significant losses for thousands of miles)...