How can there be any oil left at this point? I cannot wrap my head around it — with all of the cars and airplanes, plus all of the plastic that’s also made from oil. How in the world isn’t it all gone by now?
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There is lots and lots and lots of it. Venezuela is estimated to have more oil reserves than Saudi Arabia, just lacks the infrastructure and political stability to really exploit it (for the moment). We have even more coal, and are able to convert coal to oil products at a competitive price if needed.
We are in no way close to seeing the end of oil, political pressure will end our extensive use, not availability.
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