We could remove most of the effect of the oil shock just look at recent history.

Oil prices went negative for the first time in history on April 20, 2020 after the pandemic. I am not saying we shut down the economy but we could absolutely come to a consensus and go back to remote work where it is applicable to the type of work. Not education, just work, but I doubt the government and companies could ever come together and come up with such positive solution!