Its about the oil shortage and price. ..?

Question

So my question is about the oil shortage and price (well, its gettin higher, ain't it?) What do you think will happen to the future?

Please, Answer me with sense thank you!

Answer 1

Oil shortage? No such thing.

They have found oil in Alaska, northern Canada and Russia that can supply currernt future demand, with a growth rate of 10% per year included, for 600+ years.

Oil should be the main driver of industry for at least the next 50 years. They will and are producing cars that use less oil. But in the end, we will find another source and use it, for example electricity for cars, which is not a development problem in regards to making the tech, its about implementing the structure in countries so people can re charge their cars.