In the first place; oil will Not be running out for hundreds of years. Then there are other ways to power a vehicle besides gas/diesel. I am positive someone in Europe and/or Asia will invent an efficient battery (similar to the type of battery that Chevron/Texaco is keeping from the people with the approval of the USA federal government). Once Europe and/or Asia invents this very good battery, all types of machines will be run by it, with the exception of jets and rockets/missiles. The bottom line is: Don't worry about it. "Necessity is the mother of invention". Humans will always find ways to solve their problems.
The ocean provides food, oil and transportation.
Sea food, oil, transportation, trading
transportation of food takes oil to get it around to your local grocery store therefore driving up food prices.
Food today is grown and shipped all over the world. Shipping anything uses fuel. Most transportation fuels are derived from oil. Therefore our food is dependent on oil.
The people who work on getting oil for our transportation they can check the oil everyday that this won't happen ever again!
Lol epic fail
None has a definite answer to that at the time of writing
lwer cost of transportation, food, electricity, medical, and make USA less vulnerable to market flux, make taxpayers owners of stock.
Nothing. There is plenty of other energy resources. There is so much worry about what will happen when all oil reserves are depleted. By that time we will have advanced technology for electric cars that could travel the circumference of the world. A nuclear explosion releases a huge amount of energy. Imagine if that energy can be safely channeled to homes, factories, and transportation. Nuclear reactors are enough to power the world after there is no oil. There is wind power and solar power and many other undiscovered energy sources. When oil runs out there will be a lot of change, but it will work.
The compressor will seize. They are very costly to replace.
Oil is important to the economy because people have to use oil in their daily lives. For an example, people use their cars for transportation their car runs on iol also know as petroleum.
they won't have money to improve countries and their citizens' lives