Isn't the common argument these days that life with oil is ruining the planet and will fundamentally break it as early as 2030?

Life would be very, very different without oil but if we honestly think our use of oil is breaking the planet I don't know what the choice really is. We'd be picking between breaking the planet on the time scale of decades or having to go back to life as it was lived up until the last few centuries. As terrible as that transition would be, the two paths seem like an obvious choice.