FIGJAM wrote:Ambient oil. Seems oil didnt come from dino after all. The earth creates it naturaly and old wells that were pumped out are refilling.
The logic is that if it was created by plants and animals on the surface, how the hell did so much of it get 3, 4, 5 miles down?
I was reading something about microbes, that live very, very deep, that ingest limestone and such, and secrete oil.........
I'd bet, truth be told, there is a lot more oil than we know........but, like the diamond cartel, it's posed as rare to keep the price high....
(no, I'm not advocating over use of it, or, being wasteful, as would relate to low oil prices)