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

Image: The Advantages and Disadvantages of Biofuels over Fossil Fuels

Related: How Did So Much Oil Get Trapped Under The Ocean?

Like a tar furnace makes tar (heat without oxygen and fire), the earth makes oil and gas, a lot. Only in the North Atlantic there is over 70.000 vents emitting natural gas. In Australia such vents has been blamed on fracking and we can see bobbles of natural gas in clear lake ice in the winter, from Norway and Finland to lake Baikal in Russia.

We know geological data suggest CO2 level on earth was 10 – 20 times higher than today only a few hundred million years ago, before that most likely even higher, probably much higher. Perhaps as high as Venus is today. That could explaind why there seem to be unlimited amount of oil and gas below our feet. We also know several, old continents are kooking below, under the current crust, originating from different places on earth, containing different types of life, plants and animals, resulting in different types of oil, for example West Texas Intermediate (WTI), Brent Crude, OPEC Reference Basket, Dubai Crude, Bonny Light and Urals.

This production is constantly ongoing, oil and gas ascends up to the earth’s crust from below where some of it is trapped. Geological processes, continental movements, earthquakes etc. has made oil and gas able to reach close enough to the surface for us to be able to extract it.

R. J. L. 
By Kerry Jackson – Investor’s Business Daily

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.

Ref.: https://www.investors.com/politics/commentary/we-are-not-running-out-of-oil-earth-produces-crude/

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