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Wednesday, February 22, 2006Black Gold...
Bullfrog has an excellent post on black goal (oil that is) that is worth its weight in gold. We've always been taught that oil is a product of fossil fuel and there is a limited supply and this supply peaked in the 1970's and by the year 2050, the world will completely run out of cheap oil (the peak oil theory). According to Bullfrog's research, there is a new theory and it is called the "Abiotic Theory of Oil Formation", which contradicts the original "fossil fuel" theory. More importantly, this not so new theory (known since the 1950's) states that oil may not be a limited resource and may not be organic in origin. I find this whole theory very fascinating. I will revisit this story when I learn more...