BUT... when I lived on the grid I paid $.13/kwh. At 77kwh per gallon that puts us at $10.01/gallon. It is unknown if this is just syn gas or ethanol, or what the BTU of that gallon is. And this definitely isn't diesel, which would have the biggest impact. I know when my friend did bitcoin mining he was able to get $.03kwh so... let's use that 77 * .03 = $2.31. So between $10 and $3 a gallon is actually possible.
With gas over $5 or $6 (the company is in Santa Cruz? Their gas is probably $7 or $8 at this moment, I bet) ... this will work
The other issues are... United States uses 30TW of oil a day (convert barrels of oil to BTU and convert BTU to watt hours... to convert oil used per day in watts to speak of)... and 10TW of electricity a day.
To replace 'fossil' fuels we'd need ...70TW of electricity after inefficiency conversion.
There isn't enough copper, nickle, and silver to make all those solar panels. There isn't enough public support or political capital to build nuclear reactors either. This is another flaw.
Another commentor suggested, just replacing Russian's oil at 4 million barrels a day. That's possible. And it makes it exciting.