Except that oil is scarce to due to the laws of nature and that gives it it's price, whereas ether is artificially scarce. You could make a new piece of softwar

Except that oil is scarce to due to the laws of nature and that gives it it's price, whereas ether is artificially scarce. You could make a new piece of software called Blether that provided the exact same service and you could instantly 'double' the supply. Whereas with oil, you can't 'magic' your way into more of the resource by deploying some code.