Re: What happens when we run out of oil?
A very fine question it is...
Oil has been the backbone of human progress since the 20th century but I guess it will all change not now but latest by another 30 odd years give/take 10 years.
And that is assuming progress continues at this rapid pace or increases in intensity.
I don't see a decrease on the horizon. And by progress I do not mean economic because that happens in chosen sectors. And renewable energy is not a sector that is economically favorable right now.
So yes, there will a li'l decline as human society transits from oil to renewable sources and then again there will be progress; not as intense as with oil, but, slow and steady.
And wars will happen as conflicts of interest have been the triggers as always.
But it won't be like before, because human civilization has evolved calmer individuals.
Shocking but true.
Let's hope we get to see a cleaner tomorrow which has some green in it.