This statement of yours shows a deep misunderstanding of the relationship between price and availability as it pertains to oil: less availability only implies h

This statement of yours shows a deep misunderstanding of the relationship between price and availability as it pertains to oil: less availability only implies higher price in a very local way and for very short time spans. Oil is too vital to the global economy, it's not competing against any other energy source at its scale and mode of usage, and it's availability conditions enough of all economic activity, that availability conditions affordability for all economic actors. There is therefore no correlation between availability (production volumes) and prices for oil.