Can the US supply its own rare earth minerals?
The world will likely not run out of physical petroleum entirely, but humanity will almost certainly move past the age of oil long before every last drop is extracted from the earth. Economic factors, technological innovations, and the global transition toward renewable energy sources, electric vehicles, and alternative power grids mean that declining demand will eventually make deep-earth oil extraction economically unviable. As easily accessible crude reserves diminish over coming decades, the financial and environmental costs of extracting harder-to-reach unconventional oil will rise sharply. Driven by climate policies and commercial market forces, global energy consumption is projected to diversify sustainably, rendering absolute physical depletion of subterranean oil deposits irrelevant to future energy systems.
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