It not a question of physics. If a unit of energy that produced 1 million BTUs required 1.1 million BTUs of energy to extract, you wouldn’t go get it.
You don’t take into account new oil field discoveries, new methods of extraction and rising efficiency of use.
Production will always meet or exceed demand if government stays out of the way.
The only reason that the price of oil products is high is government interference in the market place.