Is petroleum likely to run out?
Is petroleum likely to run out? With demand predominately driven by the transport sector, our oil reserves are running out faster than our other fossil fuels. In fact, if we don't find any additional oil reserves, it's estimated that our known oil deposits will be gone by 2052. What year will Petroleum run out? The American Petroleum Institute estimated in 1999 the world's oil supply would be depleted between 2062 and 2094, assuming total world oil reserves at between 1.4 and 2 trillion barrels. What happens if petrol runs out? Running out of fuel could cause the fuel pump to...