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Maybe Oil is not a Fossil Fuel
==Rejection of theory==
==Rejection of theory==
Exxon's Australia chief, Mark Nolan, told an industry conference in Adelaide, Australia, that "the end of oil is nowhere in sight." Mr. Nolan cited a U.S. Geological Survey estimate of more than three trillion barrels of conventional recoverable oil resources, of which one trillion barrels has been produced. Conservative estimates of heavy-oil and shale-oil resources push the total to four trillion barrels, while a 10% increase in recoverability will deliver an extra 800 billion barrels according to Nolan.<ref name=MailTrib20060914>Bhushan Bahree and Jeffrey Ball [http://archive.mailtribune.com/archive/2006/0914/biz/stories/wsj-peakoil.htm Some insiders reject 'peak-oil theory'] September 14, 2006 [[Mail Tribune]]</ref>
Exxon's Australia chief, Mark Nolan, told an industry conference in Adelaide, Australia, that "the end of oil is nowhere in sight." Mr. Nolan cited a U.S. Geological Survey estimate of more than three trillion barrels of conventional recoverable oil resources, of which one trillion barrels has been produced. Conservative estimates of heavy-oil and shale-oil resources push the total to four trillion barrels, while a 10% increase in recoverability will deliver an extra 800 billion barrels according to Nolan.<ref name=MailTrib20060914>Bhushan Bahree and Jeffrey Ball [http://archive.mailtribune.com/archive/2006/0914/biz/stories/wsj-peakoil.htm Some insiders reject 'peak-oil theory'] September 14, 2006 [[Mail Tribune]]</ref>
==Maybe not "Fossil Fuel"==
Thomas Gold at Cornell University, assert that the sources of oil may not be “fossil fuels” in limited supply, but instead [[abiotic]] in nature (meaning not produced by a life process). According to Professor Gold, oil is produced by an abiogenic process, deep within the earth. The scientific community has not been eager to affirm this thesis. In fact, they tend to resist it. In 1992 Gold published a paper titled “The Deep Hot Biosphere.” In this paper he suggested that oil is non-biologically produced, deep within the earth. In other words, oil is not a fossil fuel. The Department of Energy refused to fund his research although both outcomes would have been good - If the research uncovered sources of oil that did not take millions of years to produce, it would be a bonanza for oil companies . If abiogenic petroleum sources are found to be abundant, it would mean Earth contains vast reserves of untapped petroleum. On the other hand, if his research failed, this research proposal will contribute strongly to fundamental science in petroleum engineering. So far, the DOE has refused to fund any of his research because it is counter to the mainstream effort.<ref>J. R. Nyquist [http://www.financialsense.com/stormwatch/geo/pastanalysis/2006/0508.html Debunking Peak Oil] May 8, 2006 [[Geopolitical]].</ref>
==Notes==
==Notes==
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