[lbo-talk] Oil Is A Renewable Resource! Take That, You Peaksters!

[Shane Mage]

Gold may or may not be right (I like to think he is), but Cockburn's 
conclusion is nonsensical. If oilfields are continually being 
replenished, the rate of replenishment (undiscoverably small with 
today's observational technology) is so vastly inferior to the rate 
of reserve exhaustion as to make no
difference whatsoever.

Shane Mage

"Thunderbolt steers all things...It consents and does not
consent to be called 
Zeus."                                                         

Herakleitos of Ephesos


>http://www.counterpunch.org/cockburn10152005.html
>
>"And increasingly, I don't believe we're about to run
>out of oil. I hang my hat on the views of Dr.Thomas
>Gold (founding director of Cornell University Center
>for Radiophysics) as outlined in his 1999 book, The
>Deep Hot Biosphere.
>
>Gold's view, supported by many well qualified people,
>is that oil doesn't come from dead dinosaurs and
>kindred organic matter. Gold argues strongly that oil
>is a "renewable, primordial soup continually
>manufactured by the Earth under ultrahot 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." Oil, Earth's renewable resource! Ethanol
>is an attractive alternative, as Brazil is proving.
>But ethanl will be a tough sell here, so for the time
>being I'll stay with the winning side."
>
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