Oil Depletion

As we all know, everything we do is dependent on oil. Electricity comes from burned fossil fuels (Hydroelectric plants, Nuclear Plants and such are all powered using oil). Do you think it will happen with in the next 15-20 years? If so, what do you think will happen? How fucked will we all be?

>>21 sorry, not everywhere is like iraq

but on the main topic, we have enough oil reserves to last us for the next 100 years in canada alone.