Is the world running out of oil?

No the world is not running out of oil we are far from it. We have in the past ran out of oil such as in the WWI and WWII but yet we have always found more. It's not come to be such a big issue because we know that in the end we will just keep finding more.

Quote

"Predictions for the future, with a few exceptions, have always underestimated the pace of technological process."