There is limited amount of oil in the ground and eventually it will all be consumed.
http://arabnews.com/economy/article473059.ece
There are alternative energy sources such as Thorium.
http://enveconomics.blogspot.com/2011/07/thorium-as-energy-source.html
http://peakoil.com/
http://www.energybulletin.net/stories/2011-07-11/peak-oil-review-july-11
http://www.theoildrum.com/node/8044
http://joneri.blogspot.com/2011/07/peak-oil-in-house.html
http://peakoilupdate.blogspot.com/2011/07/continuing-fukushima-impact-on-oil-and.html
http://endofcrudeoil.blogspot.com/2011/07/libyan-rebels-repaired-sarir-and-misla.html
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