A nightmare for who lives here, that's true, but let's go to the optimistic side. Renewable energy is constantly increasing, and in any moment could be developed a new technology with more energy density than gasoline. After a while cheap EV cars with considerable mile range, clean, comparable, easy to market and sell.
Why not a new revolution in clean energy harvesting, while the high prices of oil almost force to change ... the industry should also go to the non expensive alternatives.
Wealth and power in this situation would look toward other extraction locations and not for those that lead to air contamination or only found in specific locations. A bit of action and you could live in a clean, stable environment in not so much time.