nobody seems to care about global warming? there have been some doubts, but still there is an overwhelming consensus among academics. well, maybe there is a conspiracy, but maybe not.
well techincally oil will never run out because either: 1. it's an unlimited resource that's created by the earth on an ongoing basis OR 2. it's a limited resource, and as a limited resource get used up, its prices climbs. Eventually its high price will make it uncompetitive with alternative fuels and nobody will use it anymore. oil from the ground is NOT required for humanity to function because we can synthesize it (to make tires & plastics), and because there are other energy sources that could replace it.
I'm pretty sure I understand what you're trying to say - perhaps a better way to state it is "as long as oil price goes up, enough oil will be produced to meet demand". Because we already have "shortage", in the strict sense of the word, as demand predicated on cheap supply is already being destroyed. It's a major reason (eg) Egypt collapsed.
Much of the earths shallow oil was drilled. That only proves that much of the earths shallow oil was drilled. Not that were running out of oil, anytime soon. I've got a question for you. What percentage of the earths surface (land and water) have petroleum engineers explored? 20%? 10%?
Did Peak Oil also say hydrocarbons would be found on other planets, in our solar system? Titan has hundreds of times more liquid hydrocarbons than all the known oil and natural gas reserves on Earth http://www.esa.int/esaSC/SEMCSUUHJCF_index_0.html Where are the dino bones on Titan, RC?
Where is this shortage you speak of? Global output is higher than it's ever been, with a conservative 200 years worth of coal, shale and crude, underground.