Free Republic

Ever since M. King Hubbert in the 1950s convinced a lot of people with his "peak oil" theory that production would collapse and we'd eventually exhaust our crude supplies, the clock has been running. And running. And it will continue to run for some time, as technology and new discoveries show that there's still an ocean of oil under our feet.Engineering and Technology Magazine reported this week that BP — the company that once wanted to be known as "Beyond Petroleum" rather than "British Petroleum" — is saying "the world is no longer at risk of running out of resources.""Thanks...

Heating oil, which is chemically similar to diesel, is primarily used in New York, Pennsylvania and New England, where most distribution is handled by small, family-owned businesses. This year, New England's inventories of stockpiled heating oil are about 70 percent lower than their average level since 1993, government data show. Supplies are lower this year due to the same factors impacting world oil markets, including the failure to rebuild production capacity following the pandemic, and disruptions from Russia's invasion of Ukraine.

If you read Stephen Moore's column, he noted how the consensus over oil is wrong. We're not running out of oil. In fact, many have been saying we're going to run out since the 1930s: These stupid predictions of the end of oil have been going on for most of the last century. Just over 100 years ago, the U.S. Bureau of Mines estimated total future production at 6 billion barrels, yet we've produced more than 20times that amount. In 1939 the Department of the Interior predicted U.S. oil supplies would last 13 years. I could go on. The folks...

Engineering and Technology Magazine reported this week that BP — the company that once wanted to be known as "Beyond Petroleum" rather than "British Petroleum" — is saying "the world is no longer at risk of running out of resources." "[A]ccessible oil and gas reserves will almost double by 2050," Engineering and Technology said. A BP official told the magazine that "energy resources are plentiful. Concerns over running out of oil and gas have disappeared." Things are so good, in fact, that Engineering and Technology says "with the use of the innovative technologies, available fossil fuel resources could increase from...

Washington, D.C. are reporting laboratory evidence supporting the possibility that some of Earth's oil and natural gas may have formed in a way much different than the traditional process described in science textbooks. Their study is scheduled for Nov./Dec. issue of ACS' Energy & Fuels, a bi-monthly publication. Anurag Sharma and colleagues note that the traditional process involves biology: Prehistoric plants died and changed into oil and gas while sandwiched between layers of rock in the hot, high-pressure environment deep below Earth's surface. Some scientists, however, believe that oil and gas originated in other ways, including chemical reactions between carbon...

Researchers at KTH have been able to prove that the fossils of animals and plants are not necessary to generate raw oil and natural gas. This result is extremely radical as it means that it will be much easier to find these energy sources and that they may be located all over the world. “With the help of our research we even know where oil could be found in Sweden!” says Vladimir Kutcherov, Professor at the KTH Department of Energy Technology in Stockholm. Together with two research colleagues, Professor Kutcherov has simulated the process of pressure and heat that occurs...

Saturn's smoggy moon Titan has hundreds of times more natural gas and other liquid hydrocarbons than all the known oil and natural gas reserves on Earth, scientists said today. The hydrocarbons rain from the sky on the miserable moon, collecting in vast deposits that form lakes and dunes. This much was known. But now the stuff has been quantified using observations from NASA's Cassini spacecraft. "Titan is just covered in carbon-bearing material — it's a giant factory of organic chemicals," said Ralph Lorenz, a Cassini radar team member from the Johns Hopkins University Applied Physics Laboratory. "This vast carbon inventory...

Saturn's smoggy moon Titan has hundreds of times more natural gas and other liquid hydrocarbons than all the known oil and natural gas reserves on Earth, scientists said today....

Saturn's smoggy moon Titan has hundreds of times more natural gas and other liquid hydrocarbons than all the known oil and natural gas reserves on Earth, scientists said today. The hydrocarbons rain from the sky on the miserable moon, collecting in vast deposits that form lakes and dunes. This much was known. But now the stuff has been quantified using observations from NASA's Cassini spacecraft. "Titan is just covered in carbon-bearing material — it's a giant factory of organic chemicals," said Ralph Lorenz, a Cassini radar team member from the Johns Hopkins University Applied Physics Laboratory. "This vast carbon inventory...

Saturn's orange moon Titan has hundreds of times more liquid hydrocarbons than all the known oil and natural gas reserves on Earth, according to new Cassini data. The hydrocarbons rain from the sky, collecting in vast deposits that form lakes and dunes. The new findings from the study led by Ralph Lorenz, Cassini radar team member from the Johns Hopkins University Applied Physics Laboratory, USA, are reported in the 29 January 2008 issue of the Geophysical Research Letters. "Titan is just covered in carbon-bearing material--it's a giant factory of organic chemicals," said Lorenz. "This vast carbon inventory is an important...

New evidence supports premise that Earth produces endless supply ------------------ A study published in Science Magazine today presents new evidence supporting the abiotic theory for the origin of oil, which asserts oil is a natural product the Earth generates constantly rather than a "fossil fuel" derived from decaying ancient forests and dead dinosaurs. The lead scientist on the study – Giora Proskurowski of the School of Oceanography at the University of Washington in Seattle – says the hydrogen-rich fluids venting at the bottom of the Atlantic Ocean in the Lost City Hydrothermal Field were produced by the abiotic synthesis of...

Hydrocarbons bubble up from the mid-Atlantic's Lost City. Deep-sea vents could offer a non-biological source of oil and gas.D. KELLEY & M. ELEND, UNIV. WASHINGTON INST. FOR EXPLORATION/URI-IAO/NOAA/THE LOST CITY SCIENCE TEAM Undersea thermal vents can yield unexpected bounty: natural gas and the building blocks of oil products. In a new analysis of Lost City, a hydrothermal field in the mid-Atlantic, researchers have found that these organic molecules are being created through inorganic processes, rather than the more typical decomposition of once-living material. Most of the planet's oil and natural gas deposits were created when decomposing biological matter is 'cooked'...

The good news is that panic scenarios about the world running out of oil any time soon are wrong. The bad news is that the price of oil is going to continue to rise.... The Peak Oil school rests its theory on conventional Western geology textbooks, most by American or British geologists, which claim oil is a "fossil fuel", a biological residue or detritus of either fossilized dinosaur remains or perhaps algae, hence a product in finite supply. Biological origin is central to Peak Oil theory... In the 1950s, the Soviet Union faced "Iron Curtain" isolation from the West. The...

The Earth has suffered thousands of violent collisions with asteroids and comets over the last four billion years. The scars from these collisions are impact craters. But the Earth hides its wounds well -- less than two hundred impact craters have been discovered. Many are buried deep below the surface. They were only found by accident during geological surveys that were part of the massive, ongoing effort to find oil for an energy-dependent world. If Russian theories about the non-biological origin of much of our oil prove to be accurate, then there may be good reasons for oil prospectors to...

New study shows methane on Saturn's moon Titan not biological NASA scientists are about to publish conclusive studies showing abundant methane of a non-biologic nature is found on Saturn's giant moon Titan, a finding that validates a new book's contention that oil is not a fossil fuel. "We have determined that Titan's methane is not of biologic origin," reports Hasso Niemann of the Goddard Space Flight Center, a principal NASA investigator responsible for the Gas Chromatograph Mass Spectrometer aboard the Cassini-Huygens probe that landed on Titan Jan. 14. Niemann concludes the methane "must be replenished by geologic processes on Titan,...

At 30,000 feet down, where were the dinosaurs? Posted: November 29, 20051:00 a.m. Eastern © 2005 WorldNetDaily.com Developments in deep-drilling for natural gas present serious challenges to those who still maintain "Fossil-Fuel" theories as to the origin of complex hydrocarbon fuels. The Western world's record for deep-well natural-gas exploration and production is held by the GHK Company in Oklahoma. From 1972 through 1974, the company engineered and drilled two Oklahoma natural-gas commercial wells at depths greater than 30,000 feet (approximately 5.7 miles) – the No. 1-27 Bertha Rogers well (total depth 31,441 feet) and the No. 1-28 E.R. Baden well, both located...