[PapaBear3625]

This hypothesis keeps getting brought up every few months over the past several years.

It doesn't matter if oil is a renewing resource. What matters is whether new oil is being created at a rate comparable to the rate at which it is being consumed. If it's being created at a rate 0.01% of the consumption rate, then the fact has little importance.

We can be pretty sure that any creation rate is much less than the current consumption rate. If oil had been being created at the current consumption rate over the last million years, the oceans would be filled with oil rather than water.

[Huebolt]

Oil is produced by subducted ocean floor containing carbonates and water. It is a closed loop. Oil isn’t produced from nothing. It is cooked up continuously as more ocean floor ingredients are subducted into the super high pressure cooker. It then is squeezed upward into the really HUGE pools we find everywhere.

[CSM]

“It doesn’t matter if oil is a renewing resource. What matters is whether new oil is being created at a rate comparable to the rate at which it is being consumed.”

I’m no scientist, but being on FR has taught me to think a bit.....That said, what if drilling a well and removing oil somehow “stimulates” the creation process and the more we use then the more is created?

I’m just throwing an idea on the table....

;-)

[faucetman]

Oil discoveries and new technologies have sent the peak oil estimates to the ash heap. I don't see us EVER running out, but new types of energy discoveries and new technologies will make the amount oil a moot point. E-cat for one.