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)

  • @SpaceNoodle
    link
    -61 month ago

    Skeptical of the timeline prediction, you disingenuous git.

    • BNE
      link
      fedilink
      English
      018 days ago

      Sorry you don’t like their tone but they’re right.

      • @SpaceNoodle
        link
        117 days ago

        They’re right to put words in my mouth? Fuck on off with them.