Question

What will happen if all the oil wells dry up in the next 100 years ?​

Answer 1

Answer:

If this ever happened, and our current logistical infrastructure had not responded in time, this would potentially be a very serious problem. The human race is a global civilization and is heavily reliant on a plentiful supply of crude oil.

Between 1965 and 2005, humanity has seen an increase in demand for crude oil by about two and a half times. We are using twice as much coal and three times more natural gas.

Answer 2

Answer:

For example, even small increases in labor or capital productivity can lead to large increases in production per unit energy. Or put another way, it is very likely we will decrease the amount of energy per unit produced by necessity as oil supplies 'dry up'.