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Hey I'm all for ending fossil fuels, but how is this possible when we are still mostly driving ICE vehicles that require gas? Simply removing the oil industry when the majority of drivers are still using oil seems impractical, and will just lead to very high gas prices. We should be spending more time developing and testing more alternative fuels and methods before just "shutting it down". Promote more EV's and things like that, for now. Eventually, we can have such low demand that the oil rigs can be shut down in due time without a market crunch.
Via a managed phase-out.
You can:
All at once.
I'll also note that the US is a huge oil exporter. As such, sharply reduced extraction would largely cause pain to the oil industry and overseas.
That's fine, but completely screws over rural people. You would need subsidies or something if you live outside metro areas.
Much of rural life is already subsidized. No problems with that.