oil will always be around -- right now oil producers still leave the majority of a field's potential output in the ground because it's not economical to pull out. proven oil reserves are at their highest in human history. as the price of oil goes up (a) more and more marginal fields will become economical, including ones previously 'emptied' and abandoned (b) carbon based alternatives (tar sands, oil shale) will become economical and (c) all alternatives will become more economical.PeterNorthisawesome said:Oil is going to be gone in around 20 years.
do you sense a theme? we'll stop trying to pull oil out of the ground when it becomes uneconomical (and we'll leave some behind). we're a long, long ways from that, and no one can give a precise date (everyone who has tried to in the past has been wrong).