You would probably say, "Who cares?", but here is the relevance. This new theory, called the Abiotic Theory of Oil Formation, not only disproves the original "fossil fuel" theory, but it proves that petroleum is not a limited resource after all. This is pretty controversial considering the current assumption that we are "dangerously close" to running out of oil.
This theory was developed by Russian-Ukrainian scientists and has even been used to discover oil reserves in the former U.S.S.R. A few facts about the theory:
Those are just a few facts, the full article where I got this data can be found here and a shorter synopsis of the basics of the theory is here.
What I am interested in regarding this new theory is why is it not generally known that the fossil fuel theory has been debunked? Isn't this the "good news" we have all been waiting for? In who's best interest (and the answer to this is painfully obvious) is it to continue to pass on the lie that we are running out of oil? Maybe the oil companies? What if I told you that not only have oil reserves not been steadily depleting, but they have increased? There is proof that oil reserves that were once dry have been revisited because the oil has been replenished. The basics of supply and demand tell us that if the demand for a resource is greater than the available supply, then it comes at a premium. If we suddenly discover that oil is in fact a renewable resource, then we are suddenly no longer at the mercy of the oil companies and they will be forced to lower the price per barrel. As long as this fear exists they can charge us whatever they want.
Interesting that, although everyone agrees that the U.S. needs to lessen our dependence on foreign oil, we don't seem to be doing much to accomplish that. Why are we not drilling in Alaska? Environmentalists say that we will ruin a national treasure but my understanding is that the area in ANWAR that is drillable compared to the whole is like putting a postage stamp on a football field so it would certainly not taint the landscape as much as some would have us believe.
The reality is that the oil companies have undergone a multi-million dollar campaign to make sure we all believe we are running out. Ironically, they have found an unexpected ally in their campaign of misinformation: environmentalist groups. Although they seem to be on opposite ends of the spectrum, it turns out they are fighting the same fight.
To get the discussion going, here are a few questions:
While we should be pursuing alternative fuels, like hydrogen, our dependence on oil isn't going away any time soon. Shouldn't we be using the Abiotic Theory to find oil here in the U.S. to lessen our dependence on Iran, Iraq, and Saudi Arabia for oil?
Are the oil companies so powerful that even the government is helping to perpetrate the falsehood that we are running out of oil?
There is some debate about whether ANWAR will provide enough oil to help solve this problem of foreign oil dependency. Shouldn't we at least take a look and find out if the amount of oil there is worth the trouble?