Simple thought experiment, imagine you lived on an infinite 2D plane. (geometrically like an infinite flat earth in all directions) and there was only peanuts as food and you could survive on just peanuts alone. Now imagine, there are infinite peanuts in this 2D universe but they were spaced/spread exactly x unit distances apart from each other in all four directions, forever. If x was large enough, say a mile, then no matter what you would expend more energy in going to the next peanut food source than you could ever extract from eating the peanut, so even though there is infinite energy source everywhere, its so low density that you will still starve to death.
The issue is not one of "running out" so much as it is not having enough to keep our economy running. In a similar sense, an oil based economy such as ours doesn't need to deplete its entire reserve of oil before it begins to collapse.
Human body is like 70% water by weight. Yet you don't have to lose to the last drop before you die, this isn't a gas tank where you can get to almost empty and still not have effect on the car performance. By the time you have lost 10% water you are severely dehydrated and at around 20% water loss, death occurs.
Modern civilization is predicated upon a high level of EROEI (energy returned on energy invested) and just like the human body if that high threshold isn't met it will collapse upon itself. remember that most alternative systems of energy — including solar panels/solar-nanotechnology, windmills, hydrogen fuel cells, biodiesel production facilities, nuclear power plants, etc. all rely on sophisticated technology and mettalurgy.
In fact, all electrical devices make use of silver, copper, and/or platinum, each of which is discovered, extracted, transported, and fashioned using oil powered machinery. To produce a ton of copper requires 112 million BTU's or the equivalent of 17.8 barrels of oil. The energy cost component of aluminum is twenty times higher. Nuclear energy requires uranium, which is also discovered, extracted, and transported using oil powered machinery. Most of the feedstock (soybeans, corn) for biofuels such as biodiesel and ethanol are grown using the high-tech, oil-powered industrial methods of agriculture and the so called "alternatives" to oil are actually "derivatives" of oil. Without an abundant and reliable supply of oil, we have no way of scaling these alternatives to the degree necessary to power the modern world.
The only saving grace is that China still has enough coal to last it about 100 years but then so goes the world in terms of climate change, at that rate, Houston will be well underwater in 20 years much to some member's dismays. Even Uranium is peaking and we have about 20 years left of that for all intents and purposes. Fusion, which could save us all, is perpetually 40 years away, and all of modern economy and finance is predicated upon the assumption of perpetual infinite growth and things like quantitative easings, fractional reserve banking, interests rates, all depend on borrowing from the future growth as collateral to pay off todays debts and this whole pyramid scheme depends on continously growth, that the pie is every larger so that we can spend outselves out of debt in each generation... As you know from math class and biology petridish bacteria experiments, in any finite environment (earth) exponential growth is always impossible, and human population if mapped is like a virus that has grown exponentially in the blink of an eye and we have reached late stage popullation overshoot soon to be popullation decline as resources run out. Just look at the people of Easter Island and what happened to them, the same fate awaits us if we cannot find enough stop gap measures to buy us enough time to figure out a true new energy source like fusion and not some low energy solar or hydro that will never scale to replace the cheap abundant high EROEI hydrocarbons that we have had access to...