[Il_Mostro]

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oil sands in Canada

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Ever heard of extraction rates? If you have 1000 trillion dollars in your account, but can only withdraw 10 dollars a day, are you rich?

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There is a ton of oil in Alaska,

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Yeah, about 2 years of current consumption, give or take.

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Canada, and Siberia

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yes, quite a lot

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the North Sea

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In decline

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New technologies can be developped to increase the rate of extraction

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And what do you think we have been doing for 100 years? Faster rate of extraction only means that the depletion, when it comes, will be much steeper.

The oil problem is not about "no oil" it's about expensive oil.