The value of oil as a source for chemical industry is underestimated. There are still no an equal and complete substitute for it among renewable sources. Continuing burning oil as a fuel is a bad idea and a danger for global economy, considering the future of a possible crisis from the deficit of oil as a resource for synthetic materials manufacturing.
The scale of possible losses is completely necessary to be defined.
To prevent or particularly reduce it, the businesses and national governments of the world together need act together developing new regulations prohibiting use of oil for energy and transport and immediately providing financing for research of new resources to provide manufacturers of materials with an alternative till at least 2030.