Battery technology is not adequate for high energy portable applications, but if you add in the time, energy and pace of creating geological oil and all fossil fuels we are ahead. The scarcity of oil will drive the next energy source and distribution methods. My hope is that it is ramped over time and not a geopolitical crisis devolving into global conflict over less and less finite resources. We can't create a combustible oil in the lab that will on scale replace the oil needed for consumption. The real solution is renewables and efficiency in all things using distillates. However many millions of years of crude and coal creation, has been consumed in the last 500 years. That formula is never going to self correct, the sooner we get going on a transition the better. Notice I never mentioned the environment or climate.