No we can't deny that oil reserves are strongly diminishing [0]. It doesn't mean that one day we will completely stop using oil. But the cost of extraction will

No we can't deny that oil reserves are strongly diminishing [0]. It doesn't mean that one day we will completely stop using oil. But the cost of extraction will always be increasing, inducing a reduction of its consumption. [0] https://en.m.wikipedia.org/wiki/Peak_oil https://en.m.wikipedia.org/wiki/Peak_oil