There are 1.65 trillion barrels of proven oil reserves in the world as of 2016.

The world has proven reserves equivalent to 46.6 times its annual consumption levels. This means it has about 47 years of oil left (at current consumption levels and excluding unproven reserves).

This means that the oil is going to run out in our lifetime

Source/more reading: https://www.worldometers.info/oil/

Update: It is infact not true (or just partially true), because it only considers already known oil reserves that can be pumped out with current technology.

There is more oil that can potentially be used as technology and infrastructure advances, so the estimate of 50 years is wrong.

For the correction thanks to [email protected] (their original comment)

  • @9point6
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    2111 hours ago

    The way things are going we’re all going to be dead before it gets to that point

    • JaggedRobotPubes
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      89 hours ago

      Probably because of all the dipshits in this thread specifically, acting like we don’t need to stop extracting and using oil.

    • @Noodle07
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      211 hours ago

      And it could be caused by nuclear fallout before climate change gets critical