We are not running out! In 1910, we only had 20 years of oil left! in 1920 we only had 20 years of oil left, In 1930 we only had 20 years of oil left! Get the drift? No company in their right mind will spend money looking for oil they cannot recover for 20 years. It is simple economics, why find it now if we will not pump it for 20 years. - A Geologist.