This is not a comment on whether that's good or bad in the case of oil, but it seems to happen a lot.
I think what we miss is that there are simply so many variables changing at any time that something that seems impossible all of a sudden becomes possible. And then we just take it for granted so quickly.
It makes me wonder if we will be saved from global warming by some series of changes that seem utterly ridiculous. Maybe AI, cheap space flight, and some other crazy thing we aren't paying attention to combine into a solution. That's not to say we shouldn't care about global warming: quite the opposite, we should keep trying to make improvements on every front, both reasonable (consume less wastefully) and crazy (ask ChatGPT to come up with a plan).