“To begin with, it is becoming more and more difficult to find and drill for Oil as each year goes by. The supply is also being depleted.”
There’s more oil in the Canadian oil shale up in Alberta than there’s in the whole middle east, and it’s been barely tapped. The trouble is the difficulty of extracting it, but that became economic at $40/barrel. There is pleeeeeenty of oil and carbohydron fuel out there.
So, how many years have you been making a living in the Oil industry? You have such quick answers to all of this oil you seem to know so much about.
Cheaper than that. Alberta oil sands have been in continuous commercial production for over 40 years.
Oil Sands History
http://www.syncrude.ca/users/folder.asp?FolderID=5657
But it has been a smaller operation in the past. Today's high prices have $150 Billion dollars being invested in more production.
Inventory of Major Alberta Projects
http://www.alberta-canada.com/statpub/albertaConstructionProjects/mpindex.cfm
Scroll down and select "Oilsands"