This is something I just have to post here as it looks to be a major find recently. Swedish Researchers at the Royal Institute of Technology (KTH) in Stockholm have claimed proof that fossils from animals and plants are not necessary for crude oil and natural gas to be generated. Instead it is much more abundant than previously thought.
This finding seem to indicate that they believe the supply of oil is not even close to nearing its end.
“There is no doubt that our research proves that crude oil and natural gas are generated without the involvement of fossils. All types of bedrock can serve as reservoirs of oil,” says Vladimir Kutcherov, who adds that this is true of land areas that have not yet been prospected for these energy sources.
“Using our research we can even say where oil could be found in Sweden,” says Vladimir Kutcherov, a professor at the Division of Energy Technology at KTH.
Well well now. IF this is the case then I expect my gas to only cost $1 a gallon next week and the money I save will let me take a Myrtle beach vacation rentals reservation soon :).