Low prices destroy oil exploration investment, making it harder to establish future extraction as China pumps clean tech exports to the world.
https://ember-energy.org/data/china-cleantech-exports-data-e...
(half a million barrels a day of global oil demand is destroyed every year EVs are produced at the current rate China produces them at)
And how is China generating the energy needed for that production?
I'm bullish on nuclear power myself.