Just to add to your point; The final energy demand is much less than the primary energy we produce due to the energy costs of extraction, refining, transportation, and inefficient end use.

According to Kingsmill Bond (great name btw) on Dave Roberts' Volts podcast if we magically could replace all fossil energy with renewables today the final energy use would only be ~30% of today's final energy use.

"We’re pouring, from our calculations, two thirds of the primary energy into the air and wasting it." - Kingsmill Bond

https://www.volts.wtf/p/clean-electrification-is-inevitable

A pretty big one is the hollowing out of the international power oil producers have over the life of fossil importers; the middle east becomes pretty irrelevant for Latin America if you don't need their oil, and maybe Lebanon will avoid an US invasion if the newly discovered gas cannot find buyers anyway.