I suppose its possible that oil supply and demand might be one of those things where the projected end game gap never fully materializes - as has often happened with computer microprocessor speed and capacity, memory chip capacity and “disk” storage capacity - demand pushes R&D in new technology developments and technology developments keep pushing the end game further away.
In oil, and oil for energy, some of the biggest technology gains may yet come in technology that gets more power with less fuel, just as technology is already extending the life of existing sources and reaching ones thought unreachable, or not recoverable, in the past.
I agree that technology will continue to make changes with great impact.
On of those in increasing the percentage of recoverable oil from a field.
Traditional production leaves 80~85% of the oil in place. Current enhanced recovery methods produce about 30~35% of the oil. We could more than double the amount of producible oil with technology advances.