Reply #18: Not to be contrarian....

[Ediacara]

But oil companies DO know that oil is running out, and they are very much forecasting a 2050-2060 peak oil timeframe. Oil companies, like all companies WOULD LIKE TO REMAIN FINANCIALLY SOLVENT, so don't expect oil companies to continue pushing for current levels of consumption because that's simply not in their best interest.

Unfortunately, that also means that it looks like fuel cells and fusion technologies will be produced and sold by oil companies. That'll happen because they have the money to do the R&D, and what better way to integrate into the energy industry than being in the energy industry already?

Oil will continue to be drilled for for 200-300 years, but after the 2050s, it'll all go into plastics. Large scale landfill mining of plastic products may also start to take place in the 2050s, as we have a very finite amount of plastic products, and I doubt plastics will be replaced by another do-all material in the next 46 years, so we'll need to get ahold of as much plastic as possible.