Hmm, no one has a word to describe the shape of that chart?
Here is a picture of oil reserves, "years of production" at the current (falling) level of consumption due to record high average price. The big increase of course was booking the vast asphalt reserves in Venezuela the last couple of years, that is the future. And aside from a slight increase in the ME, all other regions' reserves declined - regardless of "New" oil, "New" gizmos and "New" PR fluffers.
Those two charts explain why we'll "never run out of oil". There will always be oil to extract, just fewer and fewer who can afford it.