Hoping everybody runs out of theirs first is not exactly optimal, especially just give it other countries. If they want out of it first, that means we run out of it next sooner.
What we're doing is squeezing the last drops out of already almost dried sponge. The last drops that were supposed to get used by the next generation. And we're not just running out of oil, we're running out of water. The Cannibal Riots of 2065 will not be pleasant. Although it will take care of the world overpopulation problem.