((* ) And by "run out", I mean "become unprofitable to pump considering the market price", of course.)
But it may highlight another point that could be made: Instead of corrupting the country similar to the oil-rich arab states, the norwegians have managed the richness with a typical Scandinavian common-sense (Lutheran?) approach: Define the oil richness as a common good and make sure to invest profits for future generations rather than burn it all on the current generation.
http://www.huffingtonpost.ca/2014/01/11/oil-fund-norway-mill...
But, as I said - that is a luxury only Norway has enjoyed.
In fairness, the model used for managing the oil in Norway was created by an Iraqi immigrant. (http://web.archive.org/web/20090831100821/http://www.ft.com/...)