Renewable Energy and the price of oil

How much easily recovered oil is really left? At what high-end prices are practices like directional drilling and 4D exploration financially feasible? At which low-end prices does renewable energy cease to become a financially feasible option?

It appears from the many news reports, opinion pieces, and general facts that easily recovered oil reserves are running out. There are new discoveries of relatively easy recovered oil, but the frequency of these

Renewable Energy in the form of smart grids, batteries and energy storage, biofuels, EVs, geothermal, solar, wind, pollution control, waste, and water, all seem to be a natural substitution to the high-end instability of oil markets; but there seems to be a low-end price of oil that represents the point at which renewable energy markets reach a bottom. That point was in early 2009.

They didn