If you look closely at my analogy, never at any point did I claim that there isn't more oil in the Earth that hasn't been extracted that potentially could be. On the contrary, I acknowledged that there was, and that it was not feasible to extract said oil.

Again, not true or else there would not be anyone trying or wanting to extract that oil.

If the federal government opened up all land to drilling, you sound like you believe noone would apply for a lease. If that is true, there is no danger in opening those areas for drilling.