I understand that our current consumption of petroleum is in the millions of years natural production of petroleum per year of extraction, so there's no arguing that it will renew on a relevant time scale.
They don's need to mine Lithium it's in the sea water. Do not see it as a long term solution. we will need to keep learning.
Have a new batch of oil cooking under New Orléans be ready in 5 million years may need to not change your oil for a while.