RE:OIL - FYI - Good Vid...It is a good video & full of facts but with one important omission;
... that since the 1970s, there has only been ONE elephant size oilfield discovered and that is the one in the Atlantic off the coast of Brazil. That explains why the US just ousted the elected president of Brazil and installed a puppet there.
That fact explains the yearly increase in the # of projects but doesn't mention the fact that o/all oil production (before shale) peaked a few years back and the long term prognosis for finding & developing new major league oilfields is p-poor.
Shale is quick to find & exploit but the production rate depletes very quickly; thus requiring a lot of drillholes to get all of the oil out as shale is fine grained & tight as a duck's U-know-what.