Posted on 09/14/2009 4:38:09 PM PDT by decimon
...and up through the ground come abiogenic crude.
Has a ring to it.
If we find oil on other planets, our oil could still be mostly dino goo.
Oil Doomsday was 2000ish when I had a geology class in college.
One of the homework assignments was fascinating. It had to do with determining the difference between economic and sub-economic (unprofitable) sources of oil.
Executive summary: We're not even close to running out of oil, whether it's a renewable resource or not.
I think you're right.
As prices increase, there is also an increase in newly economic sources of oil. Of course, the idea that oil is a renewable resource is also not a new one. I first read that maybe a decade ago and I am NOT a geologist, just a reading addict.
bmflr
So what? That has about as much relevance to oil as the scene in Kentucky Fried Movie where they are extracting oil from teenager's acne.
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