We have enough oil domestically for 1,000 years. Yes, ONE THOUSAND years.
We will NEVER run out of oil. We will stop using it long before it is gone. How do I know? Simple economics: the law of supply and demand would never let us pump the last barrel from the ground because noone would pay the price required.
Interested in the 1,000 year supply number. I’m a firm believer that there is no such thing as “peak oil”, but I’d like to know where I can find this 1,000 year figure in writing.