Ummm, its only sorta correct.

1. the banking industry uses more electricity by FAR then all of the cryptos combined.
2. the internets are being paid for regardless of cryptos flying around.
3. fuel prices will only go up if something big happens in the middle east.

The reason that banks are looking into block chain is because it is far more energy efficient, time efficient and offers complete redundancy.
The entire stupidity of the meme that bitcoin uses more energy than X.
Well, they didn't do their math correctly, and they failed to point out most of the areas on the map still burn tallow candles for light. Solar panels and equipment have to packed in on donkeys.