Oil is finished after 100+ years of being the main agenda. Just like paper and silver and so many other "essential commodities" for enterprise, this is gong to take a while. Any portfolio should be based on Bitcoin and metals and tend to gravitate more and more towards these two as time goes on. Personally im going to start selling stocks and go on BTC and metals gradually over this decade.
What are you going to use as a substitute for it, I'm sorry? GLTY with Bitcoin...
The substitutive energy for fuel would be hydrogen, and battery which is charged with renewable energy.
Hydrogen has been around for hundred years already, but I don't see many power stations using it a source of power. In fact, I have only heard about ITER, an
experimental reactor, yet to be built. So, I suspect, the funeral of oil is a bit premature...
As I said above, until we have major break-throughs (which we don't, and may not have for another 100 years), oil is safe from dying out
Sorry, I mean the hydrogen used as a fuel for car and other vehicles. We may use fuel cell to consume hydrogen in cars. Hydrogen can be created by renewable energy.