Oil consumption
The world has used up only 18 percent of the total supply of crude oil, said Abdallah S. Jum'ah of state-owned Aramco. At the current level of consumption, the Earth's supplies should last another 140 years, Jum'ah said. But experts point out if consumption increases incrementally, the supply would only be enough to last until roughly 2070. -Left lane news
In the words of a great man, George Sawaya, "If I was allowed to burn an entire field of oil, I would... just to watch it burn."
My own personal opinion, I think oil could last as long as Jum'ah said, with all the advancements with alternate fuel sources. So while I think gasoline combustion engines will always reign over everything else, not everyone agrees with me. In the future for all we know, half the world could be driving hydrogen, electric, or some other car powered by something other than gasoline.
In any case though, I doubt oil will run out in the time I'm still alive.
In the words of a great man, George Sawaya, "If I was allowed to burn an entire field of oil, I would... just to watch it burn."
My own personal opinion, I think oil could last as long as Jum'ah said, with all the advancements with alternate fuel sources. So while I think gasoline combustion engines will always reign over everything else, not everyone agrees with me. In the future for all we know, half the world could be driving hydrogen, electric, or some other car powered by something other than gasoline.
In any case though, I doubt oil will run out in the time I'm still alive.