| Oil will essentially become too expensive to ever actually run out. In other words, if the supply got that small, the price would be too expensive for the masses to use.
Aside from that, when the price goes up, it becomes economically viable to get oil via more expensive means, which effectively increases the amount of oil available for use. We are seeing this right now with the oil being collected up in Canada and it's why areas of the country like West Texas are booming. |