Around the world, geologists are noticing that old, dry oil wells are mysteriously filling back up. New oil is also being discovered in fields where it previously hasn?t existed.
Mahlon Kennicutt of Texas A&M University thinks the new oil is surging upward from deposits deep below the ones currently being used. "Very light oil and gas were being injected from below, even as the producing was going on," he says. This suggests there?s much more oil available than we thought.
In 1995, Jean Whelan of the Woods Hole Oceanographic Institution in Massachusetts also found evidence that oil was moving upward from somewhere far deep inside the Earth. With new oil drilling technology, it may soon be possible to tap these deep deposits, for an almost limitless amount of future oil.
This brings up questions about what oil and natural gas are made of. It?s always been thought this is they are the remains of long-dead plants and animals from dinosaur days. But if oil exists deep inside the Earth, is can?t be true, since life exists only on the surface of the Earth.
Thomas Gold of Cornell believes oil and gas are the remains of methane left over from the Earth's origin. Methane is one of the most common minerals in the universe. If this is true, we?ll be able to find oil and gas everywhere, if we dig down deep enough.
The new scientific evidence contradicts long-held theories that oil is running out fast. The U.S. Geological has said that we only have about 10 years worth of oil left.
See news story ?Oil Supplies Getting Low?, click here.
Is oil (and other fossil fuel) responsible for global warming? To find out, read ?The Coming Global Superstorm? by Whitley Strieber & Art Bell, now only $9.95 for a hardcover signed by Whitley,click here.
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