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Originally Posted by Bear Islander

However the oil will run out long before the end of you children's, children's, children's lifetimes as you suggest. The crude oil under the earth would last a few hundred years if we extract it all, but that is impossible. The recoverable oil will be gone in 30, 65 or 95 years, depending on whose numbers you like.

BI: I think that the stats that you are talking about are more based on current usage, and current trends, and current oppinions on what is usable and not usable oil. There are HUGE deposites of oil in the world that are not worth going to get because there are cheaper options for deposits. As time goes on and that oil gets used up then we can turn to the more difficult stuff to get, refine..... Of course that may drive up the price all things staying the same...