WHATEVER HAPPENED TO PEAK OIL?
I remember over the past couple of years see blog posts and stories in the media about peak oil. Ever heard of that? Peak Oil is a theory that states the earth has a limited and finite supply of oil, a supposed fossil fuel, most of which we have already found and that within a few decades, we will run out of oil.
It is a very bleak theory that is full of doom and gloom taht basically says we are all going to die.
I was reminded of peak oil the other day when having a converstation with a business associate. We were talking about gas prices, the economy, etc. and he remembered reading an article recently about a new theory emerging in the geology community, that oil might be renewable? It seems there is an emerging school of thought that oils was not formed by the decaying of fossil remains, as we were taught in school, but rather that oil is a naturally occuring element formed by the earth’s natural processes.
It’s not just a a crackpot idea. The theory that oil reserves can be naturally replenished is gaining wide acceptance and there is fact to back it up. (Do a Google search on “renewable oil” or “Dr. Thomas Gold”.)
My point of all this is that we are still teaching kids that oil is created from plants and animals that died millions of years ago, when that may soon be proven as plausible as the flat earth theory. The fossil fuel “theory” was apparently the “widely held concencus” of the scientific community for decades and now it seems so contrary to the facts today that we are on the verge of throwing the theory of fossil fuels out the window.
What does that mean for global warming, uh I mean climate change?
Bob Says: May 5th, 2008 at 5:02 pm
Maybe you shjould learn to spel korectly beefore you submitt a post. Otherwize, it just makes your coments look stupid (wich they are anyway).
Will Says: May 5th, 2008 at 8:26 pm
The theory of peak oil is alive and well. The US peaked in 1970, and the oily nugget at the center of the earth didn’t replace that oil. I’ll stick my neck out here and say the renewable theory isn’t correct. I’ll stick with the fossil fuel theory…thanks.
CSP Says: May 7th, 2008 at 8:25 pm
The renewable oil theory is still that … theory. Unproven, and if even close to the truth, would usher in deep drilling by oil companies which isn’t happening. No new massive oil fields have been discovered for decades. Lastly, even if it were the case it still doesn’t solve the problem of petroleum based energy being one of the major contributors to pollution and global warming. Do we really want to continue use of petroleum based energy for decades or hundreds of more years with risk of destroying the planet? Not a good idea and time to look for and keep developing alternative, clean energy.