A new US assessment of Venezuela's oil reserves could give the country double the supplies of Saudi Arabia - BBC News
Artificial Scarcity?
The Big Oil Cartel doesn't want to Drill, it wants to Control the supply, Destroy competitors (of course they can't do this without their cartel cronies in government) and Sell at the highest possible price. That means artificial scarcity.
The sky is falling!
CO2 hurts the Earth!
The Oil is running out!
What's the main difference between those three alarmist statements?
The answer is, nobody has figured out how to turn a mega-profit out of the first one yet.
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