When Will Oil Run Out?

Answer

Oil is estimated to last another 40 years at the present rate of consumption as there are an estimated 1.3 trillion barrels of proven oil reserve left in the major world oil fields so oil should last until about 2062. The country with the largest oil reserves is Saudi Arabia.
2 Additional Answers
The real question is when will we run out of cheap oil. We will never run out completely, but we will get to a tipping point where we can no longer get cheap oil out of the ground and price will sky rocket. The pessimists say we will run out of cheap oil in 16 years. The optimists say it will be about 40 years. Either way, it really is not that long from now.
The truth is we will never run out of oil. The better question is when will we run out of cheap, easy to get out of the ground, oil. We are already almost to that point now. The pessimists say we will run out of cheap oil in 20 years. The optimists say 40 years. Either way, it is very soon. You can find more information here: http://www.babeled.com/2008/02/15/when-will-the-oil-run-out/
Q&A Related to "When Will Oil Run Out?"
It is considered wise to have your oil changed and filled every 7500 miles. If you have an older car or a leaky oil seal you should check the dipstick daily. Look here for more information
http://answers.ask.com/Science/Other/when_will_oil...
1. Set the thermostat to a comfortable temperature. When the oil furnace needs to run to heat the home to the set temperature, the thermostat turns on the electricity to the furnace
http://www.ehow.com/how_8060516_do-oil-furnaces-ru...
In about 300 years time
http://wiki.answers.com/Q/Will+oil+run+out+in+futu...
1 Begin with a vehicle that burns diesel. Ad 2 Purchase a SVO/WVO(Straight/Waste Vegetable Oil) conversion kit that is appropriate to your engine size. 3 Purchase auxiliary fuel tanks
http://www.wikihow.com/Convert-Your-Car-to-Run-on-...
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