In these times of high oil prices, is there any more oil exploration planned?or, has it run out ??

In USA and UK at present there is no oil exploration.They have identified oil resources but will not be refining now.The policy is of conserving oil.But oil exploration is continueing in China,India,Africa,Indian Ocean,Bombay-high etc.


The increasing oil price is due to increase in oil consumption,OPEC monopolistic policies and US stand of meeting oil needs through import,instead of increased internal oil production.


But your question is valid.Oil will not last for ever.We have to find out non-oil based public transport system,solar vehicles etc.We have to encourage use bi cycle for short trips,school children etc.It will save oil and increase health.There should be a plan to have all personal transportation only by non oil based vehicles/conveyance by 2010.In these times of high oil prices, is there any more oil exploration planned?or, has it run out ??
Believe me its not running otu but this should have happened long time ago our dear friends saudias are being ugly and trying to get us to pay more and they will soon probably be stopped by us not buying from them any more it takes time but we've had technology to change for long time and we have gas for years to come its just we're not using out stuff but we have it. take care it can't get too much worse. remember overseas its higher then a kite now.In these times of high oil prices, is there any more oil exploration planned?or, has it run out ??
I think more exploration should be incouraged. Brazil found a giant oilfield off of their coast so we know we are not close to running out. As stated already, some manipulation is taking place.
I think it is going on (oil exploration) all the time
There is still a lot of oil, we are being manipulated. Bad times ahead.