Is Oil forever - and peak oil a "crisis" used to raise the price of oil? [View All]

[papau]

From an article about Dr. J.F. Kenney of Gas Resources Corporations, Houston, Texas

http://www.pnas.org/cgi/content/full/99/17/10976?maxtoshow=&HITS=10&hits=10&RESULTFORMAT=&fulltext=genesis+of+hydrocarbons+and+the+origin+of+petroleum&searchid=1085470440708_510&stored_search=&FIRSTINDEX=0

Dr. Kenney and three Russian coauthors conclude: "The Hydrogen-Carbon system does not spontaneously evolve hydrocarbons at pressures less than 30 Kbar, even in the most favorable environment. The H-C system evolves hydrocarbons under pressures found in the mantle of the Earth and at temperatures consistent with that environment." He was quoted as stating that "competent physicists, chemists, chemical engineers and men knowledgeable of thermodynamics have known that natural petroleum does not evolve from biological materials since the last quarter of the 19th century."

Deeply entrenched in our culture is the belief that at some point in the relatively near future we will see the last working pump on the last functioning oil well screech and rattle, and that will be that. The end of the Age of Oil. And unless we find another source of cheap energy, the world will rapidly become a much darker and dangerous place.

If Dr. Gold and Dr. Kenney are correct, this "the end of the world as we know it" scenario simply won't happen. Think about it ... while not inexhaustible, deep Earth reserves of inorganic crude oil and commercially feasible extraction would provide the world with generations of low-cost fuel. Dr. Gold has been quoted saying that current worldwide reserves of crude oil could be off by a factor of over 100.

A Hedberg Conference, sponsored by the American Association of Petroleum Geologists, was scheduled to discuss and publicly debate this issue. Papers were solicited from interested academics and professionals. The conference was scheduled to begin June 9, 2003, but was canceled at the last minute. A new date has yet to be set.


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