Will we ever run out of oil?

Oil will never run out. It may cost $10K a barrel but it will always be available. The western world depends on CHEAP AND PLENTIFUL energy and without both of those the western way of life and it's people are doomed.

Of course the world will never run out of oil. At some point the price of oil will simply be so high that many other energy sources will be more economical. No one will ever seriously consider burning oil costing 10,000 in 2009 dollars: Even solar and wind energy can beat that price. http://jpetervanschaik.googlepages.com

This analysts doesn't understand the meaning of a finite resource, at least not in the real world sense.
Simple as that.

You can not somehow reach infinite supply from a finite quantity simply by introducing a variable called 'efficiency'. If you increase efficiency to infinity, maybe theoretically the limit goes to infinity but that's calculus fantasy, not the real world.

So good luck with that prediction.

Whether the supply of oil is finite or not has nothing whatsoever to do with it. As it becomes more expensive to extract oil from the earth, and it will continue to be more expensive with the passing of time, the price will rise and oil will simply price its way out of use. At some point oil will simply cost to much to use so we will quit using it. This will occur long before the finite supply runs out. http://jpetervanschaik.googlepages.com

Actually, we'll never run out of cheap oil either. Read Thomas Gold's book, "The Deep, Hot Biosphere." Oil is not a fossil fuel, and there is an unlimited supply percolating up from deep below the earth's mantle, where is has been since hydrocarbons and other materials first aggregated to form our planet. Okay, it's not proven science, although Gold makes a convincing case for it, but it's a good explaination for how we keep finding vast deposits of oil all around the world and how some deposits thought to be depleted have almost magically replenished. I suppose this is a scary thought to the AGW alarmists.

I've been doing a fairly extensive research project no U.S. Dependence on Oil for about 3 weeks now, and the first fact stated in this article that "Oil will never run out," seems to me to be completely false. Yes, we do have a plentiful supply of oil left that could last 100 years for all I know, but that's the point. It could end up only lasting 100 years, a couple million/billion shy of the time we have left before the sun burns out. This is where our problems begin to arrise, it being that oil is used to make alternative energy sources, such as wind turbines, solar panels, and our good friend electricity. Oil is used in making cars and running them, manufacturing computers, microships, concrete, plastics, food delivery, harvesting, etc. The world's dependence on oil will never cease to exsist and there are too many catastrophic economical consequences of changing the energies used to power the world for us to even consider such a thing. When the world is using 90 million gallons of oil PER DAY, I think that yes, oil will eventually run out, regardless.