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What you think would happen to a country's economy (either our own, another or some hypothetical country) if the scarce and non-renewable resource oil was

What you think would happen to a country's economy (either our own, another or some hypothetical country) if the scarce and non-renewable resourceoilwas suddenly all used up throughout the world?Furthermore, takingwhatwe'vetalked about so far, what effects do you think such a change would have on things like factors of production,PPF(diagram),economic growth, etc. andhow do you think the economy could or would adapt? Include (upload) diagrams where appropriate.

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