Paul Harvey had a radio program on this subject years ago. Initially that nearly every 5 years some expert has emphatically stated that oil was going to runout.
I loved Paul Harvey! Especially “The Rest of the Story.”
https://www.youtube.com/watch?v=ddai8rkXWRs&list=PL3KJXZx8frXbF5-llPhqPS1dDa_k6xKG3
I grew up with “OMG! The ice age is coming!!!! WE ARE DOOMED!”
What was really happening was the progressives were coming.