Oil is the lifeblood of the modern world, and the combustion engine its steadfast heart. In 2022, oil wells around the world pumped almost 100 barrels out of the earth daily, and countries consumed just as much. At the current rate of global consumption, when will we run out of oil? It’s difficult to know how much oil is actually left on the planet or when exactly we’ll run out of it. However, as of 2023, there should be enough oil left to meet global demand for at least 27 more years. What happens when it runs out? Oil will be replaced by energy resources, such as solar energy, wind energy, tidal energy and nuclear and hydroelectric plants. Biofuels will also become a staple in the automobile industry. Oil is a finite resource, which means the world will eventually run out in the future. With millions of barrels extracted every year, a future without oil is closer than you think.
When Will We Run Out of Oil, and What Happens Then?
Oil is the lifeblood of the modern world, and the combustion engine its steadfast heart. In 2022, oil wells around the world pumped almost 100 barrels out of the earth daily, and countries consumed just as much. At the current rate of global consumption, when will we run out of oil? It’s difficult to know how much oil is actually left on the planet or when exactly we’ll run out of it. However, as of 2023, there should be enough oil left to meet global demand for at least 27 more years. What happens when it runs out? Oil will be replaced by energy resources, such as solar energy, wind energy, tidal energy and nuclear and hydroelectric plants. Biofuels will also become a staple in the automobile industry. Oil is a finite resource, which means the world will eventually run out in the future. With millions of barrels extracted every year, a future without oil is closer than you think.