Fossils From Animals And Plants Are Not Necessary For Crude Oil And Natural Gas, Swedish Researchers Find

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What would happen if it were proven that "fossil fuels" weren't the result of decaying plant and animal matter, were actually created within the Earth due to simple chemistry and you could not be scared into believing that we were "running out" of oil and natural gas? Estimates of how much crude oil we have extracted from the planet vary wildly. As late as May of 2009 a report published in the International Journal of Oil, Gas and Coal Technology suggested that we may have used more than we think. The idea that we are running out of oil is not a new one. Scientists have told us that oil is a limited resource which was formed millions of years ago by the decaying vegetation and biomass of extinct species of plants and animals. With an estimated 1- trillion barrels of oil already extracted from deep wells since commercial drilling began around 1870, many predict that we are nearing the mid-point of remaining oil on the planet. But there have always been those who claim that oil is a natural substance that forms automatically in the Earth's mantle. They say that it is virtually everywhere, if you can drill deep enough to tap it.