I think we're only gonna get out of this feedback loop if something drastic happens to knock most of the world's oil exports (war, some miracle UN tax on pumping oil out of the ground) or if prices start to adequately reflect carbon prices i.e. a CO2-standard that reflects the way fuels drive society and how you can't simply hide the price of your lifestyle through subsidies or diluting the future cost of pumping free energy out of the ground on everyone else.

Societies can't do it on their own without an individual blanket incentive (for all social classes) to save on CO2 emission (i.e. something like a currency). Or I guess there is maybe straight-out climate fascism, there is also that solution to this tragedy of commons, but I'd like to try to avoid that.