Abiotic Oil: Is “Fossil Fuel” a Misnomer?

Wikipedia defines “fossil fuels” as “fuels formed by natural processes such as anaerobic decomposition of buried dead organisms. The age of the organisms and their resulting fossil fuels is typically millions of years, and sometimes exceeds 650 million years.” If this is true, fossil fuels are not being made anymore. This would mean then that oil is a fixed-quantity, non-renewable resource that we are using to depletion. When it’s gone, it’s gone. But wait. The strangest thing Read more […]

Will We Ever Know The Truth About The Oil Supply?

Yesterday, Business Insider ran this headline: “America Is Running Out Of Places To Store All The Oil It Is Pumping.” According to the article, “despite a robust export market for finished products, crude oil is backing up all the way to Cushing, Oklahoma, and is only going to get worse in 2013.” Apparently, the supply of oil is not the problem, but rather a lack of capacity in the rest of the system to get the oil to market as usable products. That is a weird way for an oil shortage to work. Read more […]