Oil Production Is Getting Harder and Harder to Find, Right?

When demand is growing but supply is shrinking, it creates a problem. Our known reserve of oil is like one point six trillion barrels. That is enough to keep us going for about forty seven years at our current rate. But the problem isn't that we're going to suck up every single drop of oil out of the earth. The problem is that oil could eventually to the point where it simply isn't economically feasible to pull it from the ground any more.