I suppose we are all being lied to... right down to oil prices rising (this sounds sarcastic, but it is sincere). So where are you getting the information that we have an abundance of oil supply and how are you sure that YOU are not being lied to (it seems someone here is, right)? I suppose it is also worth noting that if said oil stores require the destruction of even more natural habitats and environments, I am not sure that I would be willing to justify that.
All you need to do is a little cursory research into oil reserves. Just a little. Not at all difficult. The problem is people like you do not agree because you have it in your mind that we are in trouble. Please take no offense at me singling you out; you are a typical believer in the myth that we are running out of oil.
Many often listen only to those people that are constantly yelling about how we are running out of oil and they are clearly ignorant of the facts everyone in the oil business knows.
We are not running out of oil and that is simply a fact. The oil is harder to get to in some cases, but we are smart people and we can figure out ways to get the stuff. Also, some wells were capped long ago because the cost of getting to the oil was costly. Times and technology changes and this means we have the opportunity to drill deeper and get even more oil.
You should do a little research into how many producing oil wells exist in Beverly Hills, California and around Los Angeles, alone. Not too many reports of oil spills in those areas. One of the back lots (when Hollywood was Hollywood; I'm not sure what is there now) was built around a working oil well. The Beverly Hills Oil Field was discovered around 1900 and still produces oil.
Many people do not know that drilling is done from large windowless buildings on Pico and Olympic Boulevards. They drill under the mansions of the wealthy and last I knew, there was still millions of barrels of oil to be pumped.
In Los Angeles there are more than 2,000 working oil wells off shore on an island near LB Harbor.
My point is simple: we have, in this county alone, vast pools of oil. We also have vast pools of laws and environmentalists that simply make drilling impossible. We are smart enough to drill with minimum environmental impact.
We have the ability to drill safely. But if you are asking for guarantees that there wont be a spill, you can't have one. There is always a possibility that a problem will occur.
Take a look at this web site and then start looking for 2011 figures. Expect some changes so do a little more digging:
http://www.eia.doe.gov/international/reserves.html
Bob