I think the oil companies would disagree with you. Even with electric cars and whatnot, look up the figures, oil consumption around the world just keeps increas

I think the oil companies would disagree with you. Even with electric cars and whatnot, look up the figures, oil consumption around the world just keeps increasing, and more to the point, some nations are running out of it, at least for exports. Venezuela still has a lot of light crude oil, and also the large heavy crude deposits, which is still cheaper to refine than shale oil for instance. The industry here still has not even touched all the offshore resources properly and it is mostly suffering from lack of investment, especially in exploration for new wells. And in the end, when all that is consumed we will probably turn to the uranium and God knows other minerals in the Amazon, instead of properly developing and diversifying the economy.