Gotta be the stupidest thing I've ever heard. From a "Democrat" no less.

[The Wizard]

87. To survive and thrive in the 21st Century

We will have to convert to carbon free, renewable energy. It would reduce demand for old energy and put more money in circulation. There will be a transition into electric vehicles. Oil companies can still play games with the market, but that window is closing. Eventually big oil will go the way of blacksmiths and buggy whips.
This allows us to cut military spending as there won't be a need to have a military presence in the middle east protecting big oil's interests. There's a whole lot of money getting sent to off shore tax havens and that circulates into the economy. Furthermore the military uses mot petroleum products that the civilian population.
The big money people create disasters and then capitalize on the misery of others. We got it all wrong.
I used to rebuild internal combustion engines for a living, and if need be I could learn how to fix electric motors. Actually I did that too as part of my job was rebuilding starting motors and alternators. There will be a reduction of auto service workers as electric motors require far less maintenance. Then again. Electric motor manufacturers could produce electric motors that need service like replacing bearings and brushes every 25,000 miles.