Dog Gone, you've got some good logical reasons in your arguments, but I don't think some here will accept logic.
Maybe a little common sense will suffice:
Oil is NOT a renewable resource any more than water is a renewable resource.
Oil wells are depleted every day.
The ONLY way they can ever produce again is for more oil to flow into the reservoir through the permeable rock which allowed the reservoir to fill in the first place.
Oil fields are either gas driven or water driven.
When depletion occurs in the case of the former, there ceases to be enough gas pressure to drive the oil into the pocket.
When depletion occurs in the case of the latter, the water simply overtakes the oil that it is pushing and floods the pocket.
This is not rocket science - just plain common sense!
I have drilled over five miles deep in the Anadarko Basin in Oklahoma.
If anyone finds an oil well below 20,000' anywhere in the world, I'll personally fly him and his family to Houston and buy them the biggest steak in town!!
This again is common sense!
Under extreme temperature and pressure, OIL doesn't exist!
The breaking point in depth of the conversion of oil to natural gas and condensate varies according to the temperature gradient of the area in question.
The term "condensate" is simply the liquid component of natural gas which forms when it cools off as it comes up the wellbore.
It is not oil per se, but it is a lot more valuable than oil because of the ease of refining into useable products.
I've been in this business for over forty years.
Where does oil come from??
I haven't the vaguest idea, but I doubt seriously that the dinosaurs had anything to do with it.
I'd rather think that God did it.
Our energy future cannot depend upon oil.
It must depend upon our huge reservoirs of natural gas.
When the American people accept the advantages of using natural gas as the primary energy source, our energy problems will be solved.
The main reason this has not happened is that Big Oil has too much money tied up in it's overseas properties and they generate too much income.
They also have hundreds of gas wells, but the expense of shutting down the refineries which process our oil thirst cannot be offset by their gas sales.
How many advertisements do you see touting the advantages of natural gas?
Probably none, but you see hundreds of advertisements about the great results in economy and efficiency available because of some additive that one of the major oil companies have added to their gasoline.
Yet, we have thousands of vehicles of city, state and federal governments driving down the road using natural gas.
Doesn't this seem a bit incongruous?