troubleluvsme
giddyup
It never even occurred to me to question oil being a non-renewable resource; but I stumbled across this article (and many like it) just a little while ago. It's an interesting theory that I wanted to share.
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"While conventional science has believed since the mid 1700’s that oil is the byproduct of dead dinosaurs, ferns and trees being processed underground for millions of years and is therefore being depleted on a daily basis, a contradictory theory by Dr. Thomas Gold, the founder, and for over 20 years, the director of the Cornell Center for Radiophysics and Space Research, originally presented in 1980 and subsequently published in his book, The Deep Hot Biosphere: The Myth of Fossil Fuels in 1999, suggests the earth is, in essence, a huge oil factory, manufacturing oil deep below the surface and delivering it, through naturally occurring faults, up into oil reservoirs close enough to the surface for us to tap into and extract.
Dr. Gold’s theory suggests that, contrary to current accepted beliefs, the earth has a vast resource of oil deep in the earth, perhaps 100 times what is generally believed to exist and that these resources will continue to migrate upward to accessible levels while being replaced at the source by yet more oil making it a renewable resource....
Proponents of the “oil as a renewable resource”, more commonly known as the “Abiogenic Petroleum Origin” unanimously point to the Eugene Island Block 330 Field as proof that Dr. Gold’s theory is correct. Eugene Island is a submerged mountain located about 80 miles off the Louisiana coast in the Gulf of Mexico. The terrain of Eugene Island reveals deep fissures and faults. The area is quite active and these fissures spontaneously belch gas and oil. According to proponents, the oil platform designated Eugene Island 330 began producing approximately 15,000 bbl of oil per day in the early 1970s and by 1989, the flow, following expectations, had dwindled to 4,000 bbls per day. Then, suddenly, production ran back up to 13,000 bbls a day. Additionally, estimated reserves jumped from 60 to 400 million barrels. As if that wasn’t odd enough, geologists discovered that the oil then being extracted was different in composition and age than what was being recovered previously. Although there seems to be some disagreement as to the actual numbers, there is no doubt that the Eugene reservoir was being refilled from a deeper source.
Further investigation by geologists revealed that the oil reservoir at Eugene Island is rapidly refilling itself from “some continuous source miles below the earth’s surface.” Seismic records confirmed the existence of a deep fault and the evidence of oil flowing upward through it into the Eugene 330 oil reservoir."
read the whole article here...http://alt-energystocks.com/blog/2008/07/02/oil-is-the-earth-running-out-or-making-more/
_________________________
"While conventional science has believed since the mid 1700’s that oil is the byproduct of dead dinosaurs, ferns and trees being processed underground for millions of years and is therefore being depleted on a daily basis, a contradictory theory by Dr. Thomas Gold, the founder, and for over 20 years, the director of the Cornell Center for Radiophysics and Space Research, originally presented in 1980 and subsequently published in his book, The Deep Hot Biosphere: The Myth of Fossil Fuels in 1999, suggests the earth is, in essence, a huge oil factory, manufacturing oil deep below the surface and delivering it, through naturally occurring faults, up into oil reservoirs close enough to the surface for us to tap into and extract.
Dr. Gold’s theory suggests that, contrary to current accepted beliefs, the earth has a vast resource of oil deep in the earth, perhaps 100 times what is generally believed to exist and that these resources will continue to migrate upward to accessible levels while being replaced at the source by yet more oil making it a renewable resource....
Proponents of the “oil as a renewable resource”, more commonly known as the “Abiogenic Petroleum Origin” unanimously point to the Eugene Island Block 330 Field as proof that Dr. Gold’s theory is correct. Eugene Island is a submerged mountain located about 80 miles off the Louisiana coast in the Gulf of Mexico. The terrain of Eugene Island reveals deep fissures and faults. The area is quite active and these fissures spontaneously belch gas and oil. According to proponents, the oil platform designated Eugene Island 330 began producing approximately 15,000 bbl of oil per day in the early 1970s and by 1989, the flow, following expectations, had dwindled to 4,000 bbls per day. Then, suddenly, production ran back up to 13,000 bbls a day. Additionally, estimated reserves jumped from 60 to 400 million barrels. As if that wasn’t odd enough, geologists discovered that the oil then being extracted was different in composition and age than what was being recovered previously. Although there seems to be some disagreement as to the actual numbers, there is no doubt that the Eugene reservoir was being refilled from a deeper source.
Further investigation by geologists revealed that the oil reservoir at Eugene Island is rapidly refilling itself from “some continuous source miles below the earth’s surface.” Seismic records confirmed the existence of a deep fault and the evidence of oil flowing upward through it into the Eugene 330 oil reservoir."
read the whole article here...http://alt-energystocks.com/blog/2008/07/02/oil-is-the-earth-running-out-or-making-more/
