Question

imagine if oil supplies get exhausted how will this effect our life

Answer 1

the following things will change in our life if the oil resources get exhausted:_
⇒ the major hit would be no  TRANSPORTATION..
imagine a life without travel and excursion. People would end up in the same place they were living!!!!
⇒There would be no refrigeration, restaurants would die.  Grocery stores would run out of food, factories would shut down.  People would leave the cities to raid farms in rural areas. 
⇒but you can also see some advantages as there would be less vehicles which would lead to less pollution.

Answer 2

it is very difficult to imagine life without oil supplies and life becomes miserable.
the effects are:-
1 there will be transportation problem
2 without transportation nothing will be done,
people gave to go by walk or use oldest
transportation methods
3 there will will a chaos situation occurred in cities
4 There will be problem in cooking food and we can't get a better taste
5 production of plastic products and cosmetics will be stopped etc
6 it is really hard to imagine life without oil supplies.

Hope it helps