ELI5; What will happen to the oil producing countries when we switch away from fossil fuels?

Question

ELI5; What will happen to the oil producing countries when we switch away from fossil fuels?

In: Economics

Answer 1

we arabs have this saying that goes something like this… “My Grandfather road a camel, my father a Mercedes, and I a Range Rover. My son might drive a Range Rover, but his son will ride a camel.”