The oil is becoming to expensive to extract compared to the size of current populations and the quality of life found in western countries. The "useless eaters" have to go, and the only way to do that is to cause social unrest where the "useful eaters" will flee cities cities that are decaying. The "useless eaters" are attracted to the free handouts and are encouraged to bash the "useful eater" demographics. When the unrest starts to boil over, the "useful eaters" will clamor for government control to stop the "feral cities" from bleeding over into rural areas and safe cities (and states) that are not "feral". When food production drastically drops, the "useless eaters" will starve or become "useful" slaves ("You'll Own Nothing And Be Happy About It"... aka "The Great Reset").
It's all about (maintaining) control.
If you wanted to depopulate the world, and you were in power the last thing you would want is to kill people by starvation. Hungry people start riots and revolutions. If oil is the limiting factor in population growth and maintenance, they already know how much of it is left and can calculate what size population it can sustain in the future. They won't let us starve. They will make us infertile with, oh I don't know, a vaccine.
Kill them with a voluntary vaccine... Jim Jones style.
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