Building on our hosts demolition of the 'CO2 is a pollutant and causes global warming' argument it is becoming increasingly clear that the widely held belief that crude oil as extracted is a fossil fuel is also nonsense, or less combatively, highly improbable. And that there is no scarcity of it.
It is a Widely Held Belief that the maximum depth for fossils is about 16,000 feet down. Yet crude oil has been extracted at depths of over 30,000 feet. How did it get there?
I also found some research that made the assertion that crude oil was a mineral that is constantly being synthesised abiotically by the Earth's magma layer. In fact, a lot of the time, people do refer to oil as a 'mineral' oil.
There is also some comment that oil was only classified as a 'fossil fuel' (despite it not having any 'O' in it) under the influence of Rockerfeller who wanted to maintain its scarcity value.
What's more, BP recently reported (lost the link) that new technology had enabled them to double their forecast reserves.
All of which implies that crude oil, mineral oil, is super-abundant.
Thoughts anyone?
