Oil is a very important resource in our daily life; it would be very difficult to imagine life without oil. Although recently scientists have discovered that oil is about to run out in the near future, some argue otherwise. Should the world continue to rely on oil as a major energy source? Should we find a new source of energy? How much time do we have left? Many questions remain unanswered or answered with different points of view. In this situation, we have to look at things from different angles; who is going to be affected, and who are we going to affect, think about the damage we are causing or going to cause, as well as the losses and gains. This topic is very sensitive because a lot is at stake, making the wrong decision or being careless can affect us humans in the long run. Many people argue that the price of oil increases slowly, since oil is running out in most countries, therefore demand increases. They also discuss how we moved from wood to coal and oil, and now we are being pushed towards a new energy source. They wonder if the new energy source will require more natural resources and will it be reasonably priced? I'll tell you what side I'm on and why I'm on this side. I'll try to give good points to support my reasons and explain why I choose this answer. A lot of money has been spent on research on this topic, but unfortunately most of it has been proven to be incorrect. This research has given rise to many misconceptions, which have led many people to believe that oil is actually not going to run out any time soon and that we still have time. Many have argued that we would eventually move to a new era where we would discover a new source of energy...... middle of paper ......There is plenty of evidence to prove that oil is actually running out , and soon enough and we will have no options left, we need to wake up and take a stand. I agree with most people when they say that global oil production has not yet peaked, but they don't understand. People who are fixated on this need to wake up and smell the fumes we are reduced to running on. The IMF document clearly shows that our offer is weak. The price of oil itself should be an indicator since it is now 100 per barrel, 10 times higher than it was on the eve of the 21st century. As the world population increases and oil levels decrease, it is only a matter of time before oil runs out completely. Saying that there will be enough oil to meet demand for at least the next 30 years means that if we don't find an alternative quickly, we could be facing a huge problem..