Prices would increase making the alternatives more attractive.

Oil and gas production is relatively in elastic taking years to expand.

The extra installed solar and wind generation - as a reaction to increased fossil fuel costs and supply disruption - permanently displaces fossil fuel consumption. No matter what fossil fuel prices do subsequently. Like the massive growth in nuclear generation immediately after the 1970s oil crisis.

Championing the continuing extraction of fossil fuels to be sold for combustion given what we know they do to the planet is not balanced in terms of morality by you driving an EV sorry. We have to abandon fossil fuels for energy asap and we practically can - the tech is available and affordable. The current reliance on fossil fuels - outside of some niches - is a political choice backed by inertia and established and powerful financial interests.