As you see on the news about rising oil prices and the prediction of oil running out, imagine what will happen to the world if oil SUDDENLY vanished?
First, there is going to be widespread panic with people rushing to petrol stations to fill up their cars before stations run out of petrol.
Then there is a potential famine among the entire world. Trucks are needed to transport food to supermarkets and without fuel, trucks can't run and therefore, millions of people would rush to supermarkets to buy as much as they can before stocks run out. People will end up being independent by growing their own crops and the diet of many countries will rapidly change. Without fuel for transports, providing aid for countries in poverty or disaster becomes impossible and millions more will die from starvation or lack of medical supplies.
Streets will be filled with trash as dumptrucks will be unable to do it's job.
International trade would stop as there is no fuel to run ships. Overseas travel would not happen with planes unable to fly while the once busy congested highways become empty. War might not even be possible without fuel running machines likes fighter jets or tanks. As container ships might not be able to run without oil, the US might use it's navy aircraft carriers as an alternative as they have unlimited range with nuclear generators not needing to refuel for over 20 years. The supercarriers might be used for transporting vital emergency supplies around the world.
With supermarkets, refinaries, petrol stations, running out of stock and transport companies not able to run, millions would be made redundant. China would be worse hit as millions of people work in factories producing goods worldwide and without fuel for transportation, millions go out of work. Many countries would be devastated by the sudden disappearance as the current generation relies too heavily on oil. In this situation, governments around the world would face a very difficult and frustrating challenge.
There are some countries like the United States that have reserve oil supplies. These supplies would be used wisely only on fire trucks and trucks carrying emergency supplies.
Without fuel, transportation of coal to power stations becomes impossible and therefore will cause widespread blackouts. Without power, hospitals would run on generators that would only last so long while there are big concerns about people who rely on electricity to stay alive i.e- using life support machines. Without power, surviving winter becomes a major issue. People living in northern Europe and Canada maybe forced to migrate down south or risk being frozen.
Without oil, the production of plastic is put to a stop. This could mean that hospitals may end up reusing plastic gloves.
However, the focus of biofuel development increases. This allows trucks to run on the streets again delivering supplies. Plastic products are manufactured again using biofuel so hospitals are able to get gloves and other important supplies. Other forms of electricity like wind and solar power are being used. At this situation, the world would be able to get back on it's feet after decades of huge losses in lives, products, jobs and transportation.