Oil is now a renewable resource
Oil and hydrocarbon based fuels are not going away. This point, almost assumed to be fact in this article, is false.
Even if we somehow manage to completely deplete the stored reserves of oil that are currently locked in the ground on this planet, there are processes currently known and in development that can make more. Algal oil, oil extracted from algae biomass, is just one such process, and it is well past the proof of concept stage. Petrol, Jet Fuel, and IIRC Diesel fuel have been created with this process, as well as other oil products used to make plastics. Work is being done to scale up and economize the process now. Costs are expected to be in line with deep sea oil drilling. Hydrocarbons created in this manner are compatible with our current energy infrastructure, and offer other benefits besides. The carbon is extracted directly out of the air, so the process of creating the oil is a CO2 sink. This CO2 is returned to the air when the fuel is burned, making the full process carbon neutral.
Finding this info is fairly easy with Google.