This Is What Will Happen When The World Runs Out Of Oil

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What will happen when the world runs out of oil? Will the humanity live on? Is oil really necessary?

(Facts checked)
Unless you've been living in a hippy commune for the last century, you know that oil is the lifeblood of our civilization. It powers every single aspect of our modern lives, it is so vital to our way of life that wars have been threatened, and fought over it. In 1991, Iraq managed to raise the ire of the largest coalition of nations in history when it threatened 70% of the world's oil supply; more so than human rights, anti-fascism, or justice, oil- sadly- is the single most unifying force in the world. But what if the tap was turned off permanently? What if the world woke up to discover all the oil in the world was used up? Hello and welcome to another episode of The Infographics Show- today we're asking, what would happen if the world ran out of oil?

Profits vary depending on supply, demand, and total output- but in 2013 while the rest of the world was still recovering from a global financial crash, the big 5 oil companies- BP, Chevron, ConocoPhillips, Exxon Mobil, and Shell- were generating $177,000 in profit every minute, or $93 billion dollars a year. With so much money, oil companies have been able to exert an incredible amount of influence across the world.

Yet we desperately need oil for our daily lives- it powers the vehicles that bring us to work, creates plastics that go into the cheap products that makes life so convenient, and is even refined into life-saving medicines. With oil so critical to civilization, what would happen if it ran out?
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Sources for this episode:
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Видео This Is What Will Happen When The World Runs Out Of Oil канала The Infographics Show