Many argue, including Hubert King, that oil is running out. He noticed a bell curve of output and predicted the peak of that output would be right around today

Many argue, including Hubert King, that oil is running out. He noticed a bell curve of output and predicted the peak of that output would be right around today. He extrapolated data from single wells, to fields to entire nations, correctly was pretty accurate with his predictions and many petrol geologists think we are at or very near the peak and energy will continue to get more expensive as output declines relative to consumption. By my math, even at current consumption rates we have just about 30 years of oil left: oil reserves divided by daily consumption. That doesn't include the growth rate of consumption and China and India hardly use anything right now per capita compared to the west.