That your market logic. The more demand the more incentivised production is. That's a spin on the famous example breaking windows, so later your business can set new glass panes.
In practical terms you are talking about planned obsolescence exactly the same thing. Companies make product so the last no more then X years, even though they could last way longer.
You are forced to buy a inferior product because all companies conspire not to produce longer lasting goods.
In your example its like buying an apple and being force to throw it away after one bite.
But hey, at least we're incentivizing the farming industry!
Yes, I am somehow missing the point. Whats this counter argument about?
Oil is finite and becomes exponentially harder to extract/find.
Not necessarily true because energy transport and storage can be a serious issue that makes other usages impractical. Bitcoin mining can be done at the energy source regardless of the location.