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The world is on the brink of a major transition away from oil as the dominant source of energy. Just as the whaling industry once thrived before gradually fading into obscurity, experts predict that petroleum extraction will follow a similar path. The rise of electric vehicles and sustainable aviation fuels are expected to play a crucial role in this transition, with the demand for oil projected to peak this decade. While some experts believe that oil will continue to be a significant energy source for decades to come, others are hopeful that global oil use will be cut by 95% by 2065. As the world moves towards decarbonization, the oil industry may eventually become a relic of the past, with oil derricks and drilling fields potentially becoming tourist attractions in the future.
