Posted on 03/18/2012 12:46:10 PM PDT by Cincinatus' Wife
....The evidence is mounting that not only do we have more than a century's worth of recoverable oil in the United States alone (even if there is a limit to the earth's oil supply), but that we also actually have a limitless supply of Texas tea because oil is in fact a renewable resource that is being constantly created deep under the earth's surface and which rises upward, where microscopic organisms that thrive in the intense pressure and heat miles below us interact with and alter it.
In other words, we have an unending supply of oil, some of which is constantly migrating upward from the depths at which it is created to refill existing oil deposits, and much more of which remains far below the surface. This oil can be recovered using existing technology.
....Russian technology was developed in the 1970s to test the theory by drilling as deep as 40,000 feet into the earth. As a result, Russia was the first nation to begin to understand and exploit these renewable oil reserves, and today their oil industry is thriving.
The political implications for Barack Obama and the radical environmentalist base he panders to with his corrupt "renewable" energy policy are profound. First, as we've seen, the president continually misrepresents the amount of recoverable oil available to us. His assertion that we have "only two percent of the world's oil reserves" available to us is simply a lie, as Susan Duclos documents in this piece. We're awash in oil reserves, and it's up to our political candidates to expose Obama's baseless fabrications about our energy reserves.
Beyond that, most Americans have digested the fact that the entire environmentalist rationale for pursuing "green energy" technology is built on fabricated global warming....
(Excerpt) Read more at americanthinker.com ...
If we do not know the process by which oil is produced we can not know the rate at which it is produced.
There are also huge areas of the planet where there has been no exploration for oil so saying that oil is a dwindling resource is totally irresponsible.
For all anyone knows if you drill deep enough you may find oil everywhere on the planet.
Earliest oil deposits show signs of life
Remnants of ancient oil found in Western Australia are more evidence that petroleum was being produced on Earth one billion years earlier than previously thought.
The droplets of bitumen were found in 3.2 billion to 2.63 billion year old shales in the Pilbara region, according to a report in the current issue of the journal Geology.
“The study extends the record of oil formation in source rocks by nearly one billion years,” reports Professor Birger Rasmussen, a geologist from the University of Western Australia.
Rasmussen says the presence of the bitumen nodules in the Pilbara shales suggests hydrocarbon generation was fairly common in the middle to late Archaean period of 2.5 to 3 billion years ago.
He says the finding casts doubt on the abiogenic origins of hydrocarbons, which suggests the earliest petroleum was created from a non-biological source rather than the burial and decomposition of biological material.
“In this case it looks like [the oil] was generated from the remains of organic debris,” he says.
There is also no indication that the rocks were subjected to the high temperatures that would have been necessary for abiogenic production, he says.
Oceans rich with life
The results imply that the Earth's oceans were teeming with organisms more than 3 billion years ago, Rasmussen says.“It suggests that certainly as early as 3.2 billion years ago you had the accumulation of organic matter vast enough for the onset of petroleum generation,” he says.
“It suggests that certainly the world's oceans at that time hosted significant amounts of life to accumulate these thicknesses of organic rich shale from which these oils were generated.”
More potential sources of oil?
Australian expert in petroleum geology, Associate Professor Colin Ward of the University of New South Wales, says it's not surprising that algae and other simple life forms existed during this early stage of the Earth's history.What is significant, is that there are now signs they were producing oil.
“He's found good evidence that the processes that generate oil were active in a very early history,” he says.
Rasmussen's discovery may have implications for exploration, Ward says.
“If focuses attention back on very old rocks as a possible places to look for more oil and gases,” he says.
Rasmussen's latest discovery comes after he found similar traces of bitumen in 3 billion year old sandstone in the same region. That discovery was reported in the journal Nature in 1998.
have you ever heard of the la brea tar pits in downtown LA? crude bubbles to the surface there
Well a couple Hundred Years at Our present Pace is a Good start
I’m sure everybody has, what’s your point?
If it’s not coming to the surface fast enough, then my original point remains valid... It’s not being produced fast enough. Drilling deeper is not without cost. These deep drilled wells cost hundreds of millions of dollars.
Personally, I am in favor of drilling deeper, but the idea that oil is just bubbling up all around us fast enough to feed our needs is contradicted by reality. If that were true, then we would not be talking about this problem.
Yes, but this is a process which takes millions of years.
Like it or not, the least expensive oil has already been extracted.
“New” oil is going to cost a whole lot more than “old” oil.
Now wouldn’t that put a fly in the ointment.....
I don't disagree at all. I just don't know enough about the topic to argue about it. I hope the theory is true, though.
Somewhere I have seen a quote that the total mass of microbes on and below the surface of the earth exceeds the total mass of all the more complex living beings. So if we want to ask the question: is there life on Mars, we shall have not to scratch the surface but drill beneath to see if there is life now there.
If the earth has been creating oil for millions of years...
Where did it all go before we started taping it about 150 years ago?...
There would need to be some kind of natural earth oil creation/consumption cycle,
Or else over the time of millions of years of creating oil the earth would just become one big glob of oil...
Or the creation of oil by the earth is just so slow we had not hit that critical mass when we started using it ...
And if the earth is that slow to create new oil
Then the replace rate for what we use would be irrelevant ...
I accept that new oil is created but at what rate?
And we would need to understand the natural earth oil creation/consumption cycle to tap in to it and use it before we "bet the farm" that nature will replace at the rate we use...
That not "green" lib BS...
That basic business and engineering logic that need to be applied to any energy source... there no free lunch...
If you think there is ...your no better that a lib blowing wind and sunshine energy up you ass without bottom lining and running the numbers on what you get out for what you invest in
Do you have any sources (reputable) to support that statement.
I ask because I don’t see any proof in the statement supported by the prices of oil.
Governments make far more money/profit from oil than the oil companies. Remember that most of the oil in the world is owned by nations not by oil companies.
You may have fallen in to the trap of hating the evil oil companies that has been set by the Left.
Governments have a lot more interest in keeping the price of oil high than do oil companies.
There are microfossils in crude oil that indicate its biological origin. All this abiogenic oil nonsense makes conservatives look ignorant.
But stripper wells weren’t dried up. They ceased producing commercially viable amounts of oil, and were abandoned. The economic situation changed as far as oil is concerned, and what wasn’t economically viable, became economically viable. This was further enhanced by tax breaks for running under-producing wells. The wells didn’t start producing more oil, the small amount they could produce just became profitable. The very definition of a stripper well is a well that can only produce 10 barrels a day.
Don’t be deceived it is bubbling up around us but our government while pandering to environmentalist has put huge areas off limits for drilling.
Oil is bubbling to the surface off our coast as we speak.
There ... being a religion an' all ... I fixed it.
There are microfossils in tap water. Correlation is not causality.
I asked a geologist at college once how all that plant and animal matter got buried so quickly. He said he didn’t know. I then asked if “global warming” is caused by burning oil, and “adding” carbon to the atmosphere, why is that viewed as bad? I mean the carbon had to COME from the atmosphere if the biotic theory of oil is correct.
Made him quite mad as I recall.
I was associated with drilling the Siljan Ring well in Sweden (Gravberg - 1) back in the 80s. By all indications hydrocarbons were found.
Many still debate this for one reason or another.
Thomas Gold provides compelling evidence of the abiogenic origins of hydrocarbons. Makes for hopeful reading if you like that sort of thing.
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