Oil plays a key role in the global economy. It is the main source of energy for industry, transport, plastics production and many other areas of human activity. However, oil reserves are limited, and the question of how long they will last is becoming increasingly urgent.

There are several key factors that influence the assessment of oil reserves:

Global reserves: This is the total amount of oil that is currently known and that can be extracted using existing technologies. Estimates of these reserves are regularly updated and adjusted based on new field data.

Pace of production and consumption: The rate at which oil is produced and consumed around the world is important. It not only determines how quickly known reserves are used up, but also affects the dynamics of oil prices.

Technological innovation: Advances in production technology and improved oil recovery methods can increase available resources or make previously unprofitable fields economically viable.

Transition to alternative energy sources: The introduction of alternative energy sources such as solar and wind reduces dependence on oil and can affect future demand for it.

Estimates of how long oil will last vary depending on the source and methodology used. For example, the International Energy Agency (IEA) regularly provides forecasts based on current reserve and consumption data.

According to the IEA's latest forecasts, the world's known oil reserves should cover demand for several decades to come. However, it is important to keep in mind that these estimates may change depending on many factors, including changes in production technologies, energy policies of different countries and changes in the global economy.

It is also worth noting that environmental and sustainable development issues are becoming increasingly important. The transition to cleaner energy sources stimulates the development of new technologies and reduces dependence on oil, which is important for reducing the carbon footprint and reducing the impact on the climate.

In the end, the answer to the question of how much more oil will last in the world depends on many factors and estimates. However, one thing is clear - the awareness of the limited resources and the search for alternative energy sources are important steps towards a sustainable future.

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