How long can we count on oil?
When answering the question of when oil will run out, it is important to consider several factors:

Reserve assessment: According to various studies and agencies such as BP and the International Energy Agency, there is still a significant amount of oil left on the planet. Estimates vary, but on average, oil reserves may last for several more decades. For example, in 2022, the total volume of proven oil reserves was about 1.7 trillion barrels.

Technological developments: Oil exploration and production technologies are constantly improving. This makes it possible to find new deposits and extract oil from hard-to-reach sources, such as deepwater fields and shale reservoirs. Therefore, reserves may be larger than currently believed.

Changing consumption: Oil consumption depends on many factors, including economic conditions, political decisions, and technological innovations. In recent decades, oil consumption has tended to decrease in some countries, thanks to the transition to alternative energy sources and the rise of electric vehicles.

Environmental situation: Growing awareness of environmental issues and climate change are also driving countries to reduce their dependence on oil. The adoption of green technologies and the pursuit of sustainable development can significantly change the picture of supply and demand in the energy sector.

Future Outlook
Transition to Alternative Energy Sources: The energy industry is moving towards renewable energy sources such as solar, wind, and hydroelectric power. Developments in energy storage technologies such as batteries are also contributing to this transition.

Economics and Politics: Global economic and political changes will have a significant impact on the supply and demand of oil. Possible introduction of new policies to limit carbon emissions and support sustainable development could accelerate the transition away from fossil fuels.

Market Impact: Oil could become a scarcer resource, leading to higher prices and spurring investment in alternative technologies. This could also impact the global economy and geopolitical relations.

Conclusion
While predictions about the exact date of the end of oil vary, one thing is clear: we are in a transition period where the future of energy is changing. Advances in technology, changing consumer habits, and global politics will determine how quickly oil reserves are depleted and what path humanity takes in its quest for a sustainable future.

Despite the uncertainty, it is important to consider the consequences of our energy policies and strive for more sustainable and environmentally friendly energy sources today. After all, the future of the planet, like our own well-being, depends on how we use the available resources today and tomorrow.

What do you think?