Doesn't it take years to actually start seeing any production from newly drilled wells , and aren't our refineries outdated or we don't have enough functioning ones??
I think a radio talk show guy was talking about this- last year, so i don't recall all the details.
Plus having to pass all the regulations , inspections etc.

Why not forget about sucking all the oil out of the earth and focus on new or alternative energy sources?
At some point the oil will be all gone anyway so why wait until then?

Who knows , maybe the big oil companies already have a plan - use up all the oil first - and then they'll begin to look at & use these alternative sources.