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The world may be oversupplied with oil now, what happens when this dries up ?

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(edited)

Total known reserves would carry world needs for next 70 years. That's assuming electric vehicles do nothing to decrease demand.  

Plenty of Oil and Natural Gas Liquids for petrochemical need. 

Edited by Jabbar

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Better produce as much as you can now.

Renewables and cleaner energy are a reality. 

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Oversupplied, this is a temporary situation.

We need exploration of sustainable healthy viable business models, not flakey money grabbing plays.

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1 minute ago, Uduak said:

Better produce as much as you can now.

Renewables and cleaner energy are a reality. 

Here we go again, what do you propose to put in place of the feedstocks currently used by 99% of the planet in every day use, forget fuel, just look around you 99% of your "things" in front of your eyes are produced from Carbon based feedstock, unless your typing from a cave then its 100%.

So go for it, tell me what you will replace the feedstock with?

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image.jpeg.2d5c39b229451315b6b02fdb1153dcb6.jpeg

Sorted. 

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