Oil is a very important resource in our daily lives; it would be very difficult to imagine life without oil. Although scientists recently discovered that oil is about to run out in the near future, some argue otherwise. Should the world continue to rely on oil as its main source of energy? Should we find a new energy source? 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 points of view; who will be affected and who we are influencing, think about the damage we are causing or will cause, the losses and the gains. This topic is very sensitive because many things are at stake, making the wrong decision or being careless about it can affect us human beings in the long run. Many people argue that the price of oil is slowly increasing, because in most countries oil is running out, so the demand is increasing. They also discuss how we went from wood to coal and oil, and are now being pushed towards a new source of energy. They wonder whether the new energy source will require more natural resources and whether it will be reasonably priced? I'll tell you which side I'm on and why I'm on this side. I will try to provide valid 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 turned out to be wrong. This research has given rise to many misunderstandings, which have led many people to think that oil is not actually running out and that we still have time. Many argued that sooner or later we would move into a new era in which we would discover a new source of energy. and we will be left with no options, we must wake up and take a stand. I agree with most people when they say global oil production hasn't peaked yet, but they're missing the point. The people who fixate on this need to wake up and smell the fumes we are reduced to running on. The IMF document clearly shows that supply is tight. The price of oil itself should be a clue as it is now at 100 per barrel, 10 times higher than on the eve of the 21st century. As the world's population is increasing and oil levels are decreasing, it is only a matter of time before the 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 soon, we could be facing a big problem.