On the one hand, oil is a foundation of the modern way of life - ironically, on the other hand, it may also be the what cracks that foundation as well.
I don't think we can do an immediate change to a completely oil free world, maybe not even in the next decade. But we can phase out many key dependencies on oil such as electricity production or driving vehicles. But things like shipping, air transportation, maybe even production of solar panels and countless other materials will probably keep a need for sucking oil out of the ground as the alternatives will probably need time before they can compete on a cost basis.
But that's not a bad thing; it means we can do a smoother transition away from oil, one big chunk at a time without having to destroy so many jobs all at once. Workers can hopefully be retrained in other fields... as long as they understand the big picture of environmental degradation isn't fake news and aren't stubbornly set on a way of life that was the way of the past, but not the future.