[x1stcav]

Back in the 60’s they were becoming convinced that hydrocarbons were coming to the surface from the Earth’s core. They drilled some test hole, I believe in 1967 through the 5000’ Scandinavian rock shield and came up with natural gas. The challenge was then to explain how rotting dinosaurs got beneath the rock shield to die.

I have heard ever since I was a kid back in the 50’s that we were going to run out of oil.

Bull sh!t.

[Steely Tom]

I believe you're referring to the theory of "abiogenesis," developed and championed by Thomas Gold.

His drilling project is described at the link, and elsewhere on the internet.

[Colinsky]

I have heard ever since I was a kid back in the 50’s that we were going to run out of oil.

Before the first U.S. oil well was drilled in Pennsylvania in 1859, petroleum supplies were limited to crude oil that oozed to the surface.

In 1855, an advertisement for Kier’s Rock Oil advised consumers to “hurry, before this wonderful product is depleted from Nature’s laboratory."

In 1874, the state geologist of Pennsylvania, the nation’s leading oil- producing state, estimated that only enough U.S. oil remained to keep the nation’s kerosene lamps burning for four years.

In May 1920, the U.S. Geological Survey announced that the world’s total endowment of oil amounted to 60 billion barrels.

In 1950, geologists estimated the world’s total oil endowment at around 600 billion barrels.

From 1970 through today, their estimates increased to between 1,500 and 2,000 billion barrels.

http://www.ncpa.org/pdfs/bg159.pdf

So, we've been running out of oil for almost 150 years.