I was watching a TV show earlier on fossil fuel, and it was talking about what messures the oil industry is taking about the oil crisis. It said that the middle east was about 30-40% left in supply. It said Conoco Philips and Shell are setting up in Siberia on what is the largest oil supply descovered so far, but the problem is that it is contaminated by sand, so they are trying to develop a efficient method of filtering out the sand.
I talked to my father about this, who use to work for an oil refinery and he said that people are finding new suppies all the time, its just a matter of getting it to the surface and transporting them to refineries. I certainly hope that Conoco Philips and Shell get the oil flowing soon from siberia, because these gas prices are really burning a hole in my wallet.