The news media seems to have no conception to what it means to "run out" of petroleum. Our renewable can not even keep up with the yearly increase in demand for energy. In this year alone demand for energy is expected to grow by 100 gigawatts, while only 35 gigawatts of renewables are likely to come online.
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https://medium.com/politically-speaking/oil-what-happens-when-we-run-out-of-black-gold-aec3c41e4da0