Sorry, no. $80/bbl is a temporary price and not sufficient to drive infrastructure investments which take upwards of 3 decades to pay back(i.e. refineries). You can't expect private companies to invest in these things when states like CA are talking about banning the sale of IC cars in a decade.

You contradict yourself. The high prices are temporary because there is still demand. As demand falls off, price falls, and wells too expensive to operate are abandoned. The remaining wells will produce enough.

CA is not banning sale of ICE cars. They are banning sale of new ICE cars.