Source? I was a kid in the seventies and the OPEC shit show brought a lot of fresh of discussion and investigation into peak oil, and that was expected to be around now , but nobody I heard from said it would run out. Have some wikipedia with that: https://en.m.wikipedia.org/wiki/Peak_oil
May I quote that the predictions were decent, however “It has been recognized that conventional oil production has peaked around 2005–2006. What has prevented peak oil from then on is US tight oil which rapidly increased since the Global Financial Crisis in 2008. Additionally, but to a lesser extent, Canadian oil-sands production has helped increase oil supply since 2008.”

So yes, more sources were found, however they were mostly obtainable by tight oil, AKA fracking, and as we all know, fracking is economically viable only when all environmental and other damage is externalised.