Don’t tell the Greenies, but there may not be any Peak Oil, by John Happs.
In 1977 US President Jimmy Carter said:
We could use up all of the proven reserves of oil in the entire world by the end of the next decade. … World oil production can probably keep going up for another six or eight years. But sometime in the 1980s, it can’t go up anymore. Demand will overtake production.
In 1970 ecologist Dr Kenneth Watt incorrectly predicted:
By the year 2000, if present trends continue, we will be using up crude oil at such a rate…that there won’t be any more crude oil. You’ll drive up to the pump and say, `”Fill ‘er up, buddy” and he’ll say, `I am very sorry, there isn’t any. …
The International Energy Agency now estimates that global gas resources will last 250 years.
Oil shortages are a long way off, if that possibility exists at all. Oil-from-coal techniques such as the Fischer-Tropsch process and the Liquid Solvent Extraction process offer alternative sources of crude oil from coal reserves that are likely to last for hundreds of years to power economic growth. …
Abiotic versus biogenic oil, the controversy roils on:
Researchers from Sweden’s Royal Institute of Technology and the Carnegie Institution’s Geophysical Laboratory have shown that hydrocarbons can be produced at depths between 60 and 150 km, in the Earth’s upper mantle. Here, it is suggested, the extremely high temperature and pressure will generate hydrocarbons. …
In his book “The Deep Hot Biosphere: The Myth of Fossil Fuels” Dr. Thomas Gold … points out that in 2004, NASA’s Cassini-Huygens Mission found abundant hydrocarbons (methane and ethane) on Saturn’s satellite Titan — which has hundreds of times more liquid hydrocarbons than all the oil and natural gas reserves on Earth and, so far as is known, there is no biological activity on Titan.
Gold also points out that oil is found in huge quantities in geologic formations where traces of prehistoric life are not sufficient to produce the existing reservoirs of oil. He describes them as:
Renewable, primordial soups continually manufactured by the Earth under ultra-hot conditions and tremendous pressures. As this substance migrates toward the surface, it is attached by bacteria, making it appear to have an organic origin dating back to the dinosaurs. …
In a geological setting, the subduction of an oceanic plate can result in intense pressure and temperature on limestone deposits (a source of carbon), water (a source of hydrogen) and Iron (as catalyst). All are present in the Earth’s crust and mantle so it would appear that all the key ingredients and conditions, simulated in laboratory experiments, would be available to form hydrocarbons.
The abiotic theory of renewable hydrocarbons remains controversial. It is certainly heresy to those who want to see the end of so-called fossil fuels, in much the same way that the idea of natural climate change is heresy to those promoting catastrophic anthropogenic global warming.
Read it all at the link.