Back in the 1800’s there was an economist David Ricardo and yes he sorta predicted stuff.

David Ricardo had visualized the process of capital accumulation getting constrained by the non-availability of adequate supplies of land. As accumulation proceeded and the demand for wage goods, primarily foodgrains, increased, cultivation would have to be carried out on less and less fertile land where yields got progressively lower. Given the fact that a subsistence wage in terms of foodgrains had to be paid, the lower yields meant a declining rate of profit in agriculture. And since the difficulty of obtaining a unit of output from agriculture increased relative to industry, the price of foodgrains would rise relative to industrial goods, which, given that a subsistence wage in terms of foodgrains had to be paid in industry too, would push down the rate of profit in industry as well. Thus according to Ricardo the rate of profit would decline over time and would eventually fall to zero, bringing accumulation to a stop. He called this state of affairs the “stationary state”.

Though land was what he focused on, Ricardo’s argument can be extended to any exhaustible natural resource. This exhaustibility would make the relative price of these resources rise, bringing the process of capital accumulation eventually to a halt.