Did you know that petroleum probably ISN'T a fossil fuel?

Question

More importantly, that if petroleum IS abiogenic, then there's a lot more than people think, and should be a lot cheaper...
http://en.wikipedia.org/wiki/Abiogenic_petroleum_origin
The only arguments for it being a "fossil-fuel" are
A: There's fossils mixed in with "most" test samples, and
B: If it's "gonna run out soon," they can jack up the price...

According to older estimates, our consumption should have run us out of oil already...a hundred times over...but the stuff just keeps bubbling up and refilling the wells...

Answer 1

You're right. We have been told that oil is in short supply since it was first pulled out of the ground in Texas. They've since done some deep- well research off the gulf of mexico (15 miles down I think) and have found oil. The thinking is now that oil is a process that begins deep within the planet and that there is enough for at least the next 1000 years. The oil companies are now telling us that we will be paying for the expense of finding and drilling these deep wells and the cost of refining. (yes they are admitting that the oil is there). That said, we should not continue to rely on this substance just because we have a lot of it. It still polutes and damages our health and the environment and we must move forward in finding greener technologies.

Answer 2

I have heard that before. And the same for natural gas. Actually, I think there is a much better case for abiogenic natural gas, AKA methane, since there are large quantities of methane on Jupiter, Saturn, Titan, and other places without life.