Is oil really running out or do we have unlimited supplies? Is oil a fossil fuel? How many animals and plant matter would it take to make this much oil? This is an interesting article. I am not sure what to make of it myself. I am interested in reader feedback. Is this is really true, then gas prices really should not be that expensive after all.
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Posted: May 25, 2004
1:00 am Eastern
© 2008 WorldNetDaily.com About 80 miles off of the coast of Louisiana lies a mostly submerged mountain, the top of which is known as Eugene Island. The portion underwater is an eerie-looking, sloping tower jutting up from the depths of the Gulf of Mexico, with deep fissures and perpendicular faults which spontaneously spew natural gas. A significant reservoir of crude oil was discovered nearby in the late ’60s, and by 1970, a platform named Eugene 330 was busily producing about 15,000 barrels a day of high-quality crude oil.
By the late ’80s, the platform’s production had slipped to less than 4,000 barrels per day, and was considered pumped out. Done. Suddenly, in 1990, production soared back to 15,000 barrels a day, and the reserves which had been estimated at 60 million barrels in the ’70s, were recalculated at 400 million barrels. Interestingly, the measured geological age of the new oil was quantifiably different than the oil pumped in the ’70s.
Analysis of seismic recordings revealed the presence of a “deep fault” at the base of the Eugene Island reservoir which was gushing up a river of oil from some deeper and previously unknown source….read rest of article here…
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i think oil is not a fossil fuel, but produced in some long process of the Co2 in atmosphere with the sea or underground watertable.
may be in future we find this and produce oil in labs.
Hi
This is a huge earth. It would not surprise me if crude oil was not produced in real time basically. One of the scientific journals has already said that crude can and has been produced by and from methane aka natural gas which we all know is being produced constantly. Also, don’t you think if we can take a swimming pool and make something real close to diesel from algae in pretty much real time, the tremendous amount of dead algae that lived before is constantly dying and shifting under the sea bed. I believe decaying matter is being produced on the earth’s sea beds much faster than we can burn the equivalent in crude.
Just a thought.
Jim B.S. in Biology 1991