Clunckdriver,
You are one of the most clever guys on here, but I need to make a couple of points about your post.
Where will they be when the oil runs out? What do you mean? Where will ANY airline be when the oil runs out? Jets flying on peanut oil? If its canola oil, Canada's in good shape. Or at least Monsanto is.
If that's not what you mean, then you mean that oil profits are what are feeding the growth of middle east airlines. In the case of Emirates, Dubai has barely any oil, Abu Dhabi has most of it and they have Ethihad. That's why Dubai has built up so many other things regarding property, toursim, and Emirates, precisely because they don't have very much oil in the first place. And in the second place, Emirates is self funding and profitable for almost 25 years. Can AC say the same? And if they can't, is it Emirates' fault?
AC's problems began LOOOOOONG before EK started flying 3 times per week into YYZ, and will continue regardless of how many people EK does or doesn't bring into Canada.