Throughout history, all such transitions involved migration. Have we forgotten how to migrate? Where did we come from? Why did we come? If the local resource runs out, move to where there is opportunity. No jobs here? Go where the jobs are! -- Big Coal got you here; maybe socialist Uncle Sam will help you out. Big Coal won't.
It's going to be the same with Big Oil. Big Oil gave you a transitory sense of success, sells all the resource and helped you ruin your Gulf Coast. When Big Oil leaves, where to next?