We aren't going to run out of oil, Kunst...we may however run out of cheap/easily extracted oil. Shale, tar sand,etc...there's more than enough for our lifetimes and beyond...it's just expensive to get to with technology as it is right now.
I agree with you though, a breakthrough would be very welcome.
Peak Oil: The Next 5 Years [View article]
I agree with you though, a breakthrough would be very welcome.