Welcome to a new, occasional post where I will posit a question that’s bugging me either because I can’t find enough info on it, don’t know if I can trust what I’ve read, or am just too damn lazy to research myself, allowing you, my readers, to do the work for me. So, let’s get to the first question.

Several times on No Agenda I’ve heard Adam and John mention abiotic oil in passing. Having never heard of it before, I decided to look it up and found this rather wordy article from a couple of years ago. If true, it means the price of oil is far more inflated than we are led to believe because it is anything but a scarce resource. In fact, we will effectively never run out. I’ve always wondered how there could have been that many dinosaurs and plants to create that much oil that has been found, despite the time involved.

Is this theory real or crap? A scam or a diversion? What do you think?

Stalin’s team of scientists and engineers found that oil is not a ‘fossil fuel’ but is a natural product of planet earth – the high-temperature, high-pressure continuous reaction between calcium carbonate and iron oxide – two of the most abundant compounds making up the earth’s crust. This continuous reaction occurs at a depth of approximately 100 km at a pressure of approximately 50,000 atmospheres (5 GPa) and a temperature of approximately 1500°C, and will continue more or less until the ‘death’ of planet earth in millions of years’ time. The high pressure, as well as centrifugal acceleration from the earth’s rotation, causes oil to continuously seep up along fissures in the earth’s crust into subterranean caverns, which we call oil fields. Oil is still being produced in great abundance, and is a sustainable resource – by the same definition that makes geothermal energy a sustainable resource. All we have to do is develop better geotechnical science to predict where it is and learn how to drill down deep enough to get to it. So far, the Russians have drilled to more than 13 km and found oil. In contrast, the deepest any Western oil company has drilled is around 4.5 km.

A team consisting of Russian scientists and Dr J. F. Kenney, of Gas Resources Corporation, Houston, USA, have actually built a reactor vessel and proven that oil is produced from calcium carbonate and iron oxide, as detailed on the Gas Resources website.