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Earth Is An Oil-Producing Machine — We're Not Running Out
Investors Business Daily ^ | 11/04/2015 | KERRY JACKSON

Posted on 11/06/2015 4:46:41 AM PST by expat_panama

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.

[snip]

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 the current 2.9 trillion barrels of oil equivalent to 4.8 trillion by 2050, which is almost twice as much as the projected global demand." That number could even reach 7.5 trillion barrels if technology and exploration techniques advance even faster.

This information backs up the idea that Earth is actually an oil-producing machine. We call energy sources such as crude oil and natural gas fossil fuels based on the assumption that they are the products of decaying organisms, maybe even dinosaurs themselves. But the label is a misnomer. Research from the last decade found that hydrocarbons are synthesized abiotically.

In other words, as Science magazine has reported...

[snip]

But for now, enjoy our cheap, abundant and efficient "fossil" fuels.

(Excerpt) Read more at news.investors.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: drillbabydrill; economy; energy; epa; globalwarminghoax; investing; methane; oil; opec; palinwasright; petroleum; popefrancis; romancatholicism; thomasgold
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Not too long ago our president was tossing out the old tired mindless fear-mongering about how we only got ten years of proven oil reserves left. What he didn't say was that we've only had a decade of proven reserves for over a hundred years becuase nobody needs to 'prove' reserves that we won't need more than ten years ahead. It all puts a new light on what we mean by the term "renewable resource". Like, solar power is not 'renewable' if we only got 4 billion years of proven solar reserves...
1 posted on 11/06/2015 4:46:41 AM PST by expat_panama
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To: expat_panama

I tried to tell people this when it was first theorized maybe over 30 years ago now.


2 posted on 11/06/2015 4:49:14 AM PST by doghorse
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To: expat_panama
Of course Earth is an oil producing machine.

The fundamental problem is that it is also a libtard producing machine as well.

3 posted on 11/06/2015 4:51:45 AM PST by C210N (When people fear government there is tyranny; when government fears people there is libertye)
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To: thackney

The abiotic oil creation theory is rising again.


4 posted on 11/06/2015 4:54:10 AM PST by Sawdring
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To: expat_panama

Meanwhile, Saturn’s moon Titan has hydrocarbons on it.
But oil “only” comes from fossil sources.
/ lol.


5 posted on 11/06/2015 4:54:46 AM PST by Darksheare (Those who support liberal "Republicans" summarily support every action by same.)
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To: expat_panama

But we are using it much faster than it is being formed. How long do you think it takes a droplet of oil to migrate to a trap?


6 posted on 11/06/2015 4:55:58 AM PST by crusty old prospector
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To: Darksheare

Methane is different than oil.


7 posted on 11/06/2015 4:56:39 AM PST by crusty old prospector
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To: doghorse

Thomas Gold’s abiogenic oil theory goes back 60 years.

All the ‘smart people’ consider it pseudoscience, some even claiming the idea is Soviet.


8 posted on 11/06/2015 4:57:21 AM PST by jjotto ("Ya could look it up!")
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To: doghorse

People need to checkout abiotic ( abiogenesis) oil theory


9 posted on 11/06/2015 4:58:30 AM PST by silverleaf (Age takes a toll: Please have exact change)
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To: crusty old prospector

Titan doesn’t only have methane.


10 posted on 11/06/2015 4:58:37 AM PST by Darksheare (Those who support liberal "Republicans" summarily support every action by same.)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...
Thomas Gold ping.

11 posted on 11/06/2015 4:58:44 AM PST by SunkenCiv (Here's to the day the forensics people scrape what's left of Putin off the ceiling of his limo.)
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To: expat_panama

>> This information backs up the idea that Earth is actually an oil-producing machine.

Makes one wonder if maybe Someone designed it that way!


12 posted on 11/06/2015 5:01:44 AM PST by Nervous Tick (There is no "allah" but satan, and mohammed was his demon-possessed tool.)
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To: jjotto

OIL = “Earth Juice”


13 posted on 11/06/2015 5:02:12 AM PST by Robe (Rome did not create a great empire by talking, they did it by killing all those who opposed them)
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To: expat_panama; thackney

ping for professional input

you convinced me other wise but the theory keeps cropping up


14 posted on 11/06/2015 5:03:52 AM PST by bert ((K.E.; N.P.; GOPc.;+12, 73, ....carson is the kinder gentler trumping.)
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To: Darksheare

It ain’t earl, that for sure.


15 posted on 11/06/2015 5:05:43 AM PST by crusty old prospector
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To: crusty old prospector

Crusty old Earl, sitting there looking disheveled.


16 posted on 11/06/2015 5:07:01 AM PST by Darksheare (Those who support liberal "Republicans" summarily support every action by same.)
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To: Darksheare

Titan is an insufficient oxygen environment.

Methane, Ethane are the lowest energy form Carbon and Hydrogen can take without oxygen.

But methane, Ethane are a far cry from the complex hydrocarbons asphaltenes, paraffins, naphthenes, and aromatics found in crude oil.

Not to mention crude oil is only sourced from sedimentary rock, often found in layers of different qualities, each layer topped by a impermeable cap rock.

And Crude oil actually contains microfossils of Plankton and similar organisms that were trapped in the sediment and eventually broke down to make oil.

Just as we can squeeze oil out of algae today, trapped in the sediment, cooked and squeezed for a few million years, oil is formed and trapped in the layers.


17 posted on 11/06/2015 5:09:18 AM PST by thackney (life is fragile, handle with prayer)
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To: doghorse

Same here..!
(my dad was a geophysicist)


18 posted on 11/06/2015 5:11:10 AM PST by Original Lurker
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To: jjotto

Thomas Gold had lots of theories. He liked pushing them forward.

He tried to convince NASA the moon was powdered into such a fine material it would not support men or landing craft. They wasted a lot of money on that as well.


19 posted on 11/06/2015 5:14:59 AM PST by thackney (life is fragile, handle with prayer)
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To: Nervous Tick

makes you also wonder if it wasn’t trillions of years ago....


20 posted on 11/06/2015 5:16:33 AM PST by ConservativeDude
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