I'm looking at climate change as a global event that indicates otherwise. Saying that oil is going strong is like saying that the gang running through the streets breaking windows is making the window business strong.
Global climate change is costing the world tens of trillions of dollars, and the cause of this huge burden is our use of oil. Oil is not going strong, it is causing global-scale mass extinctions and will cost first-world economies trillions and trillions of dollars in the coming decades.