I think it’s much more important what the big economies do that don’t have that option: Europe, China, India, Africa.

It’s worth pointing out that China in particular uses an enormous amount of coal.

Electrification is good, as both a bridge to cleaner energy and as a way to reduce dispersed pollution from many different fossil fuel sources (like almost every vehicle on the road). But electrification is only one step that needs to happen. The other is to decarbonize the grid itself.

So China burns more coal than anyone else in the world (with India at the number 2 spot), and is dramatically increasing its renewable power generation, but the overall increase in overall energy and their strategic interest in energy security and energy independence has them continuing to not only mine coal, but to continue constructing new coal power plants, and to slow down the actual decommissioning of old coal plants.

So although disruption to the global oil market will cause most countries to rely less on fossil fuels, the countries with domestic production of fossil fuels (Chinese coal, American oil) won’t feel the pressure as much.