The Oil Industry faces it's "last hurrah"

Oil has been always a problem economicaly speaking, even more now with the climate problems we have. The US has attempted to reduce the oil price in many ways, but they just ended asking for more oil. Even more, there has been found that they retalied against Russia and Saudi Arabia if they didn't increase oil outpot as soon as possible. Nowadays, the oil barrels' price is above $80 a barrel, and that it's the highest price in the last seven years. Despite the demand, producers under preassure to exit the fossil fuels market are reluctant to invest in new supply, and this leads to probably having a peak in supply before a peak in demand.