Demand for oil will decline due to economics before it ever runs out. The future of production (excluding tar-sands/unlikely new finds) is Subsea. However, it'

Demand for oil will decline due to economics before it ever runs out. The future of production (excluding tar-sands/unlikely new finds) is Subsea. However, it's expensive and potentially geo-political. Electrification and the increasing usage of composite materials should ensure demand plateau's or declines. We will have enough renewable energy to meet our requirements but my main concerns are energy storage and the availability of certain metals or minerals.