Oil Is Running Out, and It May Be for the Best
More than half of the world's current population will live in a world of drastically reduced oil usage. This is assuming those who are currently 40 and under will live into the 2050s. The 2050s being the decade that oil supplies are expected to no longer meet global demand [ 1 ]. This is due to petroleum depletion. Humanity is consuming oil at an unsustainable rate. The human race consumes 100 million barrels of oil a day [ 2 ]. Many facets of modern living are enabled by oil. Fuels synthesized from oil are used to power cars, trucks, trains, and planes. Oil and other fossil fuels are widely used to generate electricity. Oil is also used as the basis of many critical products. Petroleum depletion will radically change how the world operates. Humanity will be forced to find alternative energy sources. This shift towards sustainable alternatives will not be easy. The oil industry is pervasive, and it will take immense effort to replace. However, petroleum depletion bod...