You forgot to mention oil had its day of heavy subsidies.  You also forgot to mention, even with exploding population, demand is decreasing.  I personally have cut my energy demands in half by swapping a boiler and windows, not to mention my vehicle burns half the gas.  I know friends with houses completely free of the grid using small scale roof top solar.  Please helps us make sense of that sharp shooter.  Oil and the machines it runs is technology of the past and is being replaced.  Like it or not.  Have you been to Europe lately where alt energy sources are mandatory with any retro or new construction.  So many dinosaurs around here stuck in past with no vision for the future.  Don't miss the bus my friend.