
Re: What happens when we run out of oil?
Running out of producible oil is not an issue, as it is a very long term process that you will notice well in advance by price increases. National longtime shortages due to economic embargoes and wartime restrictions on private fuel consumption have happened before: During WW II, supplies to Germany were so short that substitution of oil as fuel and as a petrochemical resource kicked-in. Cars, for example, were refitted with wood burners.
Short-term severe disruptions can cause a lot of havoc, and these happened on multiple occasions such as:
- the closure of the Suez canal in the 1950s
- the oil embargo in 1973
- national strikes in refineries or amongst tanker drivers (e.g. UK, early 2000s)
These were further enhanced by panic purchases. As a minimum you would expect traffic jams. But in some of these cases private traffic was banned, sometimes for weeks.