Correct, we can innovate and make the "transformer" (i.e. machines) more efficient (i.e. use less energy for same output). But the thing is, if energy was cheaper and more available we would just produce more.

The reason why now we most enjoy some time off (weekend, vacation, retirement) is thank to the machines that can produce more with less humans. Now humans mostly drive the machines.

I guess the ultimate extreme evolution would be machine driving machines, so humans could be out of the loop, except for the initial input goal. And machine would extract/mine/recycle, transform, transport, deliver everything we ever need. It would be one big machine (with lots of energy) extracting (and hopefully recycling) earth elements to satisfy humans.