https://www.youtube.com/watch?v=5gIprsLc3yU
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 ...
Post of the day!!
https://www.youtube.com/watch?v=5gIprsLc3yU
Many scientists with genius in certain limited fields fail when venturing too far away from their breakthroughs. Even Einstein wasted a lot of his time.
On one hand, it seems reasonable. Since carbon is the fourth most abundant element in the galaxy, it would make sense that the Earth would have been born with its share of it.
On the other hand, friends I know in the oil and gas industry don't seem to think there's anything to the theory.
Though it doesn’t have crude either.
And why, here on earth, are deposits not found in other than sedimentary structures, as well as containing microfossils from the surface?
Oil is the most powerful political tool on earth.
Methane, ethane, various other alkanes in lesser amounts. Natural gas as abundant as water is on Earth. It’s organic but not biological. If the atmosphere contained oxygen the whole moon would burst into flames.
And Thomas Gold was an astrophysicist.
So we can mark you down as an “abiotic oil denier”?
Every time I bring up Thomas Gold, I’m told it is baloney.
Well one thing’s for sure. Nobody’s talking peak oil any more.
As it should. There are very plausible chemical processes to create CH4 and H2S ‘inorganically’.
No, you can mark me down who understands oil and geology.
I’m not claiming that an oil cannot be produced by an aboitic means. I am claiming that 99.999% or more of the oil we use is not produced that way.
I understand that our oil we use in the petroleum industry contains unique quantities and qualities, including microfossils, such that individual oil samples can be traced to their field of origin. Each one is different.
Me too. It didn’t go over well.
But we are using it much faster than it is being formed.
Peak oil is an economic turn. We leave most of the oil in fields underground.
Put the price at $20 and see how much is produced. At current prices, it is a falling production rate in the US. Put the oil price back at $100 and far more is produced.
This is the worst news possible for the carbon crowd and America haters.
Me for one. I've done the math.
If the earth produced oil at the current rate of oil consumption for 400 million years, the volume of oil would cover the earth 6 miles deep.
Propane and benzene as well.
‘Peak oil’ is very much still the operating theory for the world’s elites.
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