SBSP-logic is based on a no-growth-for-oil fallacy (was Sticking you

> there exists a variety of definitions of petroleum
> resources. All of these resources have been continuously
> growing -- with the exception of the unqualified supply,
> of which no one yet knows the true size. My guess is
> that it is around 1 quadrillion barrels

Here are a few links with interesting data regarding this:
http://www.akadeemia.ee/_repository/File/VALISSUHTED/Oil%20Shale%20-%
20final.pdf
http://tinyurl.com/6car9o

The total SO [shale oil] resource shown in Figure 1
amounts to 3.2 trillion US barrels. This figure
should be seen as a minimum because numerous
potential oil shale deposits have not yet been
explored and were not included in the inventory.
Moreover, many oil shale deposits may still be
discovered. Starting from the organic-rich shales
in the Earth's crust, Duncan and Swandon (1966)
estimated the discovered and undiscovered SO
resources in high grade deposits as 17 trillion
barrels (at yields of 25 to 100 gallons/tonne) and
in low to moderate grade oil shales as 325
trillion barrels (at yields of 10 to 25
gallons/tonne).

That would be 342 trillion barrels of shale oil, alone. Perhaps
future estimates of unqualified oil-shale resources will be higher,
and perhaps even-more oil will be producible from those shale
deposits with the help of nuclear-powered hydrogenation.
http://www.news.cornell.edu/Chronicle/04/4.22.04/CSE_cover.html

As for oil, she said, the question most often asked
these days is "how much oil is there and when will
it run out?" While admitting that the question is
difficult to answer, she illustrated her answer by
putting world oil supplies in three "buckets." The
first -- conventional resources that can be
exploited using available technology -- contains 3
trillion barrels (compared with the 1 trillion
barrels of petroleum that have been pumped since
production began in the 1800s).

The second bucket contains oil sources that can't
be recovered using conventional technology, such
as oil sands and extra-heavy oil. These amount to
an estimated 4.3 trillion barrels. And in the third
bucket are unrecoverable resources that "we are
pretty sure are there, but we are not sure how to
get them economically," she said. These amount to
an estimated 4 trillion barrels.

"There are a lot of resources here," [Exxon Mobil
analyst Elissa P. Sterry] said, "and will allow for
oil and gas to be the primary sources of energy
through at least the middle of the century." She
noted that new technologies likely will continue to
extend the recoverable resource base, making
additional, but currently uneconomical, resources
commercially attractive. In fact, she said,
recoverable oil resources are today more than 70
percent higher than they were in 1980 thanks to
such improvements as three-dimensional seismic
imaging, drilling in deep water and horizontal
drilling.

How much oil can be recovered depends upon myriad
continuously-evolving factors:
http://www.world-gen.com/features/jumah.html

"The amount of conventional oil in place is
somewhere between six and eight trillion barrels,
depending on whether you go with the conservative
or target scenario," [Saudi Aramco President and
CEO Abdullah S. Jum'ah] said. "The volume of
non-conventional oil in place is rather murkier,
with a conservative figure of seven trillion
barrels and a target scenario number of roughly
eight trillion barrels or higher."
[...]
Jum'ah noted that there are between 13 trillion
barrels and 16 trillion barrels of total in-place
liquids available worldwide if both conventional
and non-conventional resources are considered. To
put these figures in perspective, we have consumed
only 1.1 trillion barrels of oil, or seven to nine
percent of resources in place, nearly all of that
was conventional oil.

Jum'ah emphasized that recovery of liquid energy
resources, particularly non-conventional resources,
will be impacted by a complex interaction of
factors including advances in technology, recovery
efficiency, demand and its growth, levels of
financial investment, economics, policies pursued
by both consuming and producing governments, and
environmental considerations.