That's a good one! In only 3 days gas stations could run out of fuel!!!

There is no danger in running out of fossil fuels. We have plenty for years and years to come, and LOTS of other energy sources that we're not even bothering to harness because fossil fuels are so cheap and plentiful.

The only reason we still use fossil fuels today is money. The very second it is no longer profitable to use fossil fuels, people will shift to one of the numerous other power sources. That may happen because the ability to produce and refine them gets outpaced by demand (a much more likely scenario than actually running out of them in the ground), or because social and political pressures make the industry less profitable.

Just follow the money. The second the money's not there, the energy industry will go where the money is.

i have solarized my life already... have u... installed 2KW solar system in my house a couple of months back..

"It will sponsored and brought to you by man." and executed by masses of people.Not.

Yeah... we'd be long past our carbon budget before we 'ran out' of fossil fuels. Why are you talking about the energy sector when you have no idea what you're talking about?

its easy battery and solar systems :P tesla runs on battery and now they have a vision to combine powers with solar city ,,,, that will create a super car that runs on battery and can be charged from sun,,,, or electricity in 10 years to come :D

If/when we run out of fossil fuels we will simply adapt and transition to other energy sources because we are humans and that's just what we do. Adapt.

Interesting how human mankind only think of oil and natural gas as resources and actually think it is apocalypse. 
But we don't think much of nature and biodiversity loss. **Very saddening and disappointing**.
https://steemit.com/nature/@coinbitgold/nature-has-no-voice-and-how-steemians-can-speak-for-them

By the way, i don't know and don't understand what kind of tensions in the Middle East you are talking about. If you are talking about the low oil prices and competition, FYI it is artificially set low to compete with shale gas in united states. It is an economic race of "race to the bottom" and see who have more money to burn. And in the first place, the oil resources are not distributed equally. Lucky are the countries who have them  by chance

Humans are pretty resilient, and I think we will create energy solutions in the near future. I know that's not a popular opinion, and there's lots of resistance to change right now, but I hope we can mitigate most of the damage already done to the climate.

we past oil peak something like 10 years ago where we were supposed to run out of oil... well actually, it didn't happen and currently oil is at its cheapest in years, meaning there are plenty of supply for the years to come. Also with the current progress in alternative energies, I don't think there are any reason to worry... everything will be fine, the day with run out of oil

http://img1.joyreactor.cc/pics/post/%D0%B3%D0%B8%D1%84%D0%BA%D0%B8-bmx-%D0%B2%D0%B5%D0%BB%D0%BE-back-flip-3242485.gif

Nothing happens! About a hundred years ago the world was frightened by incoming shortage of coal. I don't think we suffer from coal shortage nowadays.

Sure it'll lead to resource wars but green energy alternatives are already here, its up to many of us to promote this with our funding or advocation of green energy.

Don't forget about the possibility of mining asteroids, that's quickly becoming a reality. (Such an extreme position on resources, there are alternatives)

Great points and well written post.  I explore some of your points further in a brand new post that I put up  https://steemit.com/technology/@fireriseace/stop-freaking-out-the-energy-revolution-is-here-almost

> The fossil fuels are being consumed at an alarming rate

> After global warming and climate change, this is the biggest issue the world is facing

It's not new like 5 years news. It's older than you think. There were some major politics  done in the last 20-30 years to  limit the industrial pollution. 
Bi the way, did you know the Kyoto protocol was signed in 1997 ?
> The Kyoto Protocol is an international treaty which extends the 1992 United Nations Framework Convention on Climate Change (UNFCCC) that commits State Parties to reduce greenhouse gases emissions, based on the premise that (a) global warming exists and (b) man-made CO2 emissions have caused it.

Yes, it took 7 years to implement after they signed it.

> The depletion of these resources will be catastrophic for mankind

Yes, but you overlook something: in the last year there were major discoveries of gas and oil (arctic area, northern Siberia, Northern Europe), so major that the use of fossils extended their usage life more than 100 years.

And there it comes the newer technologies impact: all green technologies exploded, not only electric cars, wind and solar one. 

> I hope to not be alive when we run out of fossil fuels.

With the new green technologies take-off in the last 10 years, do you think it's possible ? You're pessimistic. 

> The current tensions in the Middle-East

Yeah, they fight for more than 50 years now. It's not new. Nothing changed. It's a continuous stupid  war, that's all. Like all stupid wars in Africa.

Bottom line: you're pessimistic. Elon Musk will save the day. (strange joke).

We all care for the environment, but we have different approaches. Some of us are just practical, cold blooded guys.

Cheers.

STEEMIT FOLLOW ... JUST A SMALL STEP
https://steemit.com/follow/@foxkoit/steemit-follow-just-a-small-step

There is already a potential technology with algae that produce natural gases that can be used for fuel. It still needs research and price-optimization, but it is doable. It will also be much cleaner than fossil fuel.

Alternative renewable energy has made great strides and is growing, but we need a national (and international) sense of urgency and commitment to its continual development and implementation.  The oil companies worldwide play with the price of oil and it is confusing to many- low prices means that people think we don't need renewables.  What we need is to save our planet, and we need that to be the mantra everywhere.  Let's make oil irrelevant!!  And in so-doing, perhaps the unrest in the middle east will subside.

After global warming and climate change, this is the biggest issue the world is facing but we hardly ever hear about it in the news......well i dont wish to break your egss, but on this point we can not agree, as Global warming is a crock of .....**** and was created by the globalists to create more fear and guilt about the way we live our lives and even more to introduce their new tax on the inhabitants of the world to fund these sort of claims !!  Global warming is a massive fraud and when i see people saying this it brings up the hairs on my neck  I can tell you !! But the rest of the article i found true and very interesting !! upvoted !!

Sorry, but this article is mostly nonsense. We will not "run out" of oil because the economics of it simply don't work like that. 

It's supply and demand, just like anything else. When the oil is less plentiful it will be more costly to extract. In other words, when the easy oil is harder to find then they will start extracting the stuff that's more difficult. This is why the Canadian Tar Sands are not viable unless the price of oil is something like $80 a barrel, which it is not currently.

The price will rise due to higher extraction costs. As oil becomes more and more difficult to find and extract the price will continue to rise. A rising price will make alternatives such as solar much more attractive. When people start to demand alternatives, then it follows that more money will be spent on companies to do research and development.

Bottom line: Alternative energy sources will replace fossil fuels slowly over many years, while the price of fossil fuels slowly climbs due to supply and demand. We have plenty of oil left and it's a superior form of energy to anything else, which is why we continue to use it. Solar and wind are practically useless to power our world at this point in time. Please stop spreading fud.

Hello @gavvet Good Post.

The estimations on Fossil Fuels running out in 53 years don't consider Fracking. Controversial Topic I admit, but the reserves held in shale based reserves are incredibly vast. It's hard to get actually numbers, but from what i understand, there is more Fracking potential in the world than conventional basin reserves.

I can't see this happening in our lifetime, however I hope we get our acts together and Clean Energy takes over way before we need to worry about it..

How messed up!  The more scarce fossil fuel becomes the greater the incentive for alternative sources.  Just look at the renewable energy  industry.  Solar power costs are dropping like a rock, because it's cost effective.  How STUPID can people be to think the world will come to an end only because we are running low on a commodity?!?

There are tons of things we can do to replace fossil fuels.  They have just been suppressed by the companies that sell oil and the automotive industry.   But, I don't think we'll be running out of oil anytime soon.

Nice post! You got my upvote. Btw I was reading about this 10 minutes ago, well more in the "market" way http://www.zerohedge.com/news/2016-08-10/us-futures-flat-bonds-rise-dollar-and-oil-slide-over-us-productivity-collapse-fears

@gavvet @infinitor good stories. I think it's time to dig the duterium gas that can be found in mindanao philippines. Based on discoveries around 90% of the duterium can be found in that area. The problem investors might be facing then are the crook politician in the country.

The apocalypse inside of each of us ...

Well, all those tankers banking up in ports full of refined fuel might beg to differ about whether we are running out. At the rate central banks are devaluing currency and putting small businesses out of business, nobody will be driving around in little crappy mini- cars let alone even 50cc scooters.

You environment faithful should be praising central banks for ruining the economy and sending the carbon industry to the poorhouse. Come to think of it Hugo Chavez and his legacy has certainly achieved a massive reduction in carbon fuel use. But I just wonder how we are going to build stuff that has a better efficiency and actually produces the promised sustainability. Cos a billion tonnes of forged steel to make wind turbines isn't working. The central banks are doing a better job of making people stay at home staring at LED illuminated bigscreens, their carbon footprint shrinking so fast you might think they have some strange new disease eating their footsies.

Or you know we could like find another energy source.

There are plenty of fossil fuels for a long time. As far as I understand nuclear power is a great alternative that can last even longer. Free up the energy sector and we will all benefit. I recommend reading: The moral case for fossil fuels by Alex Epstein. Also check out his latest interview on The The Rubin Report
 youtube. 

https://www.youtube.com/watch?v=yJmL9hRrpIQ

Will up vote in 29 min ;)