Don't get too excited...and stop having kids:
Oil to Run Out Sooner Than Expected
You guys are believing **** printed in the Independent? Holy crap, it's about 1/16th better and more reliable than the Enquirer and only on it's good days.
The world has been ending for about 100 years now, in the press, on a daily basis, since at least the mid-60s, or so the Club of Rome said. We were doomed, running out of not only natural resources but food too, no way could we feed 4 billion people, never mind six (with the caveat that there's enough food, just not an efficient distribution system to the third world thanks to tin pot dictatorships of all manner).
Relax. Support alternate fuel supplies (but examine them to see if they fall into the snake oil category and what they're impacts might be cuz you don't get something for nothing). Conserve what we have (starting with stopping buying little plastic men made from oil and shipped from very far away and then trucked to your store) and we'll move along fine.
Besides, it's not oil that's the limiting resource in the world, it's water. You've been told.