What??? We're not running out of oil???

A team of scientists based at the Royal Institute of Technology in Sweden have made a "revolutionary" discovery about how hydrocarbon is formed, learning that animal and plant fossils are not necessary to form crude oil.

The discovery, the scientists say, means that the world will never run out of crude oil. Currently, theory states that crude oil is formed very slowly - over millions of years - from the remains of dead plants and animals. Buried under rock, over time the pressure and temperature of natural earth processes results in the creation of crude oil. But that theory is now old news, as the scientists, led by Vladimir Kutcherov, say they have proven that fossilized plants and animals are not needed to create hydrocarbons. More...

Read also: Who Is Really Behind the 'Peak Oil' Scare?

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