Don't believe the hype! This sort of thought inspires a feeling that everything is ok, it's ok to keep buying & spending & living your life without worry. The natural resources on this planet are finite and as our population continues to grow at a rapid rate so does our consumption of these natural resources.
Here's a video to assist in understanding some simple math that will make ppl re-think the whole 'we will not run out of oil anytime soon' thought process.
http://youtu.be/F-QA2rkpBSY
Although I think your comments are thought provoking and relate to this thread on a deeper level, they deserve a thread of their own.