Lets look at a few actual facts...and oddly enough, not often reported.
Oil was first found and produced in the alHassa basin in Saudi Arabia in 1938, by Chevron/Texaco...and yes, speaking here only of Saudi Arabia, because they have so much.
Now, looking just a little deeper, the Rhub al Khali (empty quarter) of Saudi is conservatively estimated to contain upwards of six-eight times the oil produced from the al Hassa basin since 1938...in other words, a whole bunch.
Don't like Saudi oil?
Look at Canada.
Huge (and I mean huge) amounts are there, and there is a very big push on now for its production, simply because the oil price now is favorable to make it all possible.
Face it folks, there is no real shortage of crude oil, but there definitely is a shortage of refinery capacity, especially in developed countries, including the USA.
Airplanes, cars, boats just lying about, all unusable due to an oil shortage??...excuse me while I fall off my chair laughing my socks off...
