“The reserves are not growing. The known reserves MIGHT be growing.”
I will have to do some digging to find the article, but the theory about oil being true fossil fuel is also on its way out. Oil is now being recovered in strata of the earth that have never been part of the surface. There is a new theory that holds oil may be a byproduct of processes going on near the mantle junction that are refilling old depleted oil fields. Too busy at work now, but I will post when I dig the story back up.
Reminder to self to check back.
Please, that ridiculous theory by Thomas Gold has been posted here regularly since this forum's inception. It's not true.
Even if it’s not a fossil fuel, it’s a big jump to conclude that the reserves are growing. They certainly aren’t growing as fast as the demand. And they don’t seem to be growing in the places where it matters, like Texas and Oklahoma. It’s getting harder and harder to find oil in those places, certainly.