AJackal is mostly right, the joys of eduction.
Educated morons have been educating each other for millenia, the oil crisis isn't a new thing. Civilization has been a cascading prediction of doom since inception. This or that is always doomed to run out and will end life on earth as we know it.
His post is relatively accurate, well reasoned, but devoid of fact. We already ran out of oil reserves several times, the first time was over seventy years ago. Reactionists can come up with all kinds of doom and gloom, and reactionists are running the educational system. While yes, we do have a limited supply of known oil reserves and an expanding need for them that will run out in x years, we've had a limited supply of known oil reserves and an expanding need for them since we started drilling. It's a significantly larger number than it was ten years ago, which was a significantly larger number than 20 years ago, and so on and so forth. This isn't just oil either, everything has run out, food, trees, water, breathable air, even rock has been on the list of scarce resources soon to be used up.
This is a wonderful article. Paul Ehrlich is a genius in his field, respected world round, noted as a great thinker, and a fucking retard. It's really quite simple, morons consist of 90% of the population, the first step is to understand that the people telling you we're doomed are probably morons. The second step is to see what has been said in the past, by aforementioned morons, not many of them are fresh out of college. The third step is to see what actually happened. We aren't all dead from starvation, we still have trees, all the fish aren't dead, we've got breathable atmosphere, we haven't run out of this or that metal, the world isn't covered in a mile thick sheet of ice, and we haven't been eaten by the sun because we decided it was a ball of gas instead of Ra.
Doom is popular, it sells well, that they are, by and large, idiots, is irrelevant to the media that makes money off them. Your choice is to be a sucker, or to educate yourself on history. It's irrefutable fact that we haven't even explored for oil in much of the world and have absolutely no idea how much is actually out there. It could be that we're solvent for a few hundred years with the industrialization of the third world, it could also be that ten years from now we wont be drilling for it at all. Oil is rather easy to create, we know exactly how it's formed, have for years. It's just bloody expensive to turn current growth into oil today, as opposed to drilling for it. There is the matter of creating the energy to make it, but plastics and the other currently irreplaceable uses wont magically disappear even if we do run out of oil. They will either be made by other means, or replaced by other products that cover the same uses.