Market Watch

[rScotty]

The science has changed since you and I were in college. Read the studies.

If it is science, it is never truly settled. They have definitely proven than oil is produced by the earth without biological components. The old myth has been disproven. Oh it is still being taught because people don't like change or admitting they were wrong. That and if oil is renewable that flies in the face of the political piece.
ou

Titan Has More Oil Than Earth

Saturn's moon Titan has hundreds of times all the known oil on Earth.

www.space.com

One, we don't know if Titan has oil or not. That is speculation; not fact. We do suspect that Titan may have have enough heat to have liquid and gas. The heat could come fro the gravitational stresses of rotating around a large mass,

Two, of course oil can be produced by other processes than biological. Stop saying stupid things just to be argumentative. People make synthetic oils deliberately (since about WWII), and nature does it without life being involved as well. You can buy non-biologically produced synthetic oils at the grocery store or Walmart. I run it in my tractor transmission. Made here; not on Titan.

Three, although people can make oil synthetically and so can Mother Nature - we know that the bulk of the Earth's oil is derived from living organisms. Living things make oil too. We know where the Earth's supply camefrom because it contains the chemical markers that describe its origin. No debate there. We know how it got here and how long it took.

We are in the process of pulling it out of the ground and burning it which returns oil back to its constituent gases in the atmosphere. Doing that is a simple chemical process. It is determinant. We know where that process leads, only the timing is debateable.

Stop with the posting of internet articles as fact. The internet is a completely unregulated mix of fact and fiction. Surely you know that. At least I hope you do. Articles and statements like you are presenting make the rest of us feel like we are debating physics with a kid reading superman comic books.

And your comments about out of date education are flatly insulting to me and TBNers. Like most, my education has continued my entire life. It didn't stop when I left school. It sped up if anything. I read a daily diet of technical journals in half a dozen fields associated with my work and hobbies...and have for over seventy years. For most, school is the beginning to education, not the end of it. You seemed to have
missed that.

I bet you that the same lifelong commitment to learning is more common among TBNers than not. Just look at the range of conversations. The educational content is a large piece of why we enjoy discussions here.

Lots of snow to play in, but before then I need to get back to work -
The Kubota and JD can sleep for a while longer.
rScotty

 

[two_bit_score]

U.S. companies currently hold ten million acres of federal lands permits that they have yet to drill.

Pretty rare for a company to get a lease today and start drilling tomorrow. Leases are also traded.

 

[two_bit_score]

If oil is not recycled dinosaurs, how do you explain this oil company?

That company is now defunct.

 

[two_bit_score]

Astounding, if true….

It's been fun watching the liberals struggling with that one on Twitter (now X).

 

[Torvy]

Scotty, y'all kept moving the goal posts. All started when you asked where Hay Dude heard that oil is still being formed. That has been proven conclusively to be true. Now you finally admit it, but claim the debate was about how quickly replenishment happens. It's ok to admit you were wrong. Changing the goal posts just make you look petty.

 

[Torvy]

The ones you posted were consistent with the preponderance of science. There is no rapid production of oil by earth processes. It’s not renewable on a human time scale.

That was not the question. It was 'is oil still being formed?'. The myth is that all oil on earth comes from this effectively single event/time frame and once it is gone, it's gone. Fundamentally untrue. No claim was made that it replenished at the same rate we use it. But since it has always been replenishing, the lifetime argument is specious as well. While true that the molecules that are beginning the process today will not be available in our lifetimes, that flow has never stopped, so we have potential access to that which was formed over time.

Here's the original premise:

Have some of us forgotten that more oil is being created by the earth every second.

 

[two_bit_score]

@Torvy your attempts to bring them back to reality are commendable but I predict will be unsuccessful.

 

[Hay Dude]

That was not the question. It was 'is oil still being formed?'. The myth is that all oil on earth comes from this effectively single event/time frame and once it is gone, it's gone. Fundamentally untrue. No claim was made that it replenished at the same rate we use it. But since it has always been replenishing, the lifetime argument is specious as well. While true that the molecules that are beginning the process today will not be available in our lifetimes, that flow has never stopped, so we have potential access to that which was formed over time.

Here's the original premise:

Exactly.
We may be using it faster than the earth currently produces it, but it’s still being produced. We have no idea what we can extract. 50 years ago, I saw “scientists” predict we would run out of oil by a date that has already passed.
Yet here we are continuing to extract this marvel of oil and natural gas, giving life, saving lives and creating an abundance of jobs

 

[Hay Dude]

If it is science, it is never truly settled. They have definitely proven than oil is produced by the earth without biological components. The old myth has been disproven. Oh it is still being taught because people don't like change or admitting they were wrong. That and if oil is renewable that flies in the face of the political piece.

It turns out that planets and moons that have never had life also have oil! What!

Titan Has More Oil Than Earth

Saturn's moon Titan has hundreds of times all the known oil on Earth.

www.space.com

Facts are stubborn things. The Environmentalists don’t appreciate your facts.

 

[rScotty]

Scotty, y'all kept moving the goal posts. All started when you asked where Hay Dude heard that oil is still being formed. That has been proven conclusively to be true. Now you finally admit it, but claim the debate was about how quickly replenishment happens. It's ok to admit you were wrong. Changing the goal posts just make you look petty.

Playing word games and tryng to make yourself "right" doesn't change the reality on the ground.
How quickly repenishment happens is the important thing.
It's simply a question of creating something at one rate and using it at another.
Economics works the same way.