1. Oil sand reserves are simply vast
2. Amount of oil available depends on the price of oil :-)
3. Oil price is as much indo-china demand
4. Oil future price is as much reserve dollar backed by oil or china's
new reserve currency
5. Peak oil is very beneficial to eco-political oil pricing masking
disproportionate taxation levels

USA is following the UK down 5. re taxation to eventually bring
deficits to 3% of GDP.

UK should have started nuke building in 2000, it is over a decade
behind the curve.