[RobbyS]

Peak oil just got pushed back decades. This has been happening regularly since 1920. The more we find out about geology, the more oil we find. And the odd things is that we still don’t know how the stuff is produced. The Earth may be producing it as we sit.

[thackney]

And the odd things is that we still don’t know how the stuff is produced.

Perhaps you don't know how it is produced. But Petroleum Geologist know why you only explore traps in sedimentary basins and wells drilled elsewhere are only dry holes.

[ROCKLOBSTER]

we still don’t know how the stuff is produced. The Earth may be producing it as we sit.

I think it's plankton:

Sun-> ocean-> photosynthesis-> seabed slime-> tons of pressure-> oil

ie: The ocean is a giant oil production machine. Oceans cover 71% of the Earth.