To me (as someone who has worked on oil rigs, oil pipelines, oil refineries, and chemical plants), crude oil seems far more valuable as a material than as an energy source. It feels like a damned shame that we're still combusting so much of it for heat rather than reserving it for physical materials.

I understand the ways that economics are very important, and that the economics still currently favor burning a large fraction of the crude oil. But I also know that the right kinds of investments and a bit of luck can often change those economics, and that would be nice to see.

We can always make polymers and HydroCarbons in general from other sources if we have energy abundance. We literally can just capture the CO2 we emitted from burning fossil and make it plastics.

Of course this does not make sense in a world where we do not have enough energy to even keep datacenters open.

Edit: To clarify, I do not propose burning fossils to capture CO2 and make plastics. I am a Thermo Laws believer.