Earth Is An Oil-Producing Machine — We’re Not Running Out

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.

Engineering and Technology Magazine reported this week that BP — the company that once wanted to be known as “Beyond Petroleum” rather than “British Petroleum” — is saying “the world is no longer at risk of running out of resources.”

“Thanks to investment into supercomputers, robotics and the use of chemicals to extract the maximum from available reservoirs, the accessible oil and gas reserves will almost double by 2050,” Engineering and Technology said.

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, the “data imply that hydrocarbons are produced chemically” from carbon found in Earth’s mantle. Nature magazine calls the product of this process an “unexpected bounty ” of “natural gas and the building blocks of oil products.”

So don’t feel guilty about exploiting this “bounty.” There seems to be plenty to go around — and there will probably still be a lot left when technology, not hurried by government mandates and subsidies but guided by market forces, produces practical and affordable renewable energy.

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

See more here investors.com

Bold emphasis added

Header image: Wikipedia

Please Donate Below To Support Our Ongoing Work To Defend The Scientific Method

PRINCIPIA SCIENTIFIC INTERNATIONAL, legally registered in the UK as a company incorporated for charitable purposes. Head Office: 27 Old Gloucester Street, London WC1N 3AX. 

Trackback from your site.

Comments (4)

  • Avatar

    Chris*

    |

    Yes! Johns Hopkins university into 2008 took Ethane, C2H6 and exposed it to the equivalent heat and pressure of the Upper Mantle. Within a few days they produced methane , toluene and graphite. They then took the methane exposed it to heat and pressure and the final product was Ethane. The scientists involved in these experiments came from Europe and America and concluded that the Upper Mantle was full of hydrocarbons. These products – gas and oil – are the genuine renewables. Methane breaks down in sunlight and becomes the essential life giving molecules- CO2 and H2O.

    Reply

    • Avatar

      Andy Rowlands

      |

      Very interesting, I wasn’t aware of this, thanks for sharing 🙂

      Reply

  • Avatar

    John Doran

    |

    viewzone.com/abioticoilx.html

    Oxygen first appeared about 2 billion years ago, so its been going on a fair length of time.
    JD.

    Reply

  • Avatar

    Guilherme Gomes

    |

    Subduction process is responsible! The boiling core, a piece of former exploded star, before the present Sun, produces oil. Water is recycled in the same way.

    Reply

Leave a comment

Save my name, email, and website in this browser for the next time I comment.
Share via