What is going to happen when the Middle East runs out of oil?

The Middle East will run out of oil as fast as it will run out of sand. Which is never. The rise of electric cars and the electrification of transportation in general will mean that oil will probably never run out. read more

It will be a long time indeed before that happens. Canada has just as much oil reserves as Saudi Arabia and it is estimated that the known reserves in Canada at current usage rates will last at least another 40 years - and the same for Saudi reserves. read more

Yes, I know the Middle East still has tonnes of oil left, but it's not going to last with such a huge world demand for oil. My teacher was telling our class that once the Middle East loses its oil, it simultaneously loses money because it's really the only way the countries there make money. read more