Oil is a Renewable Resource - Russ McGlenn

Oil wells in the Gulf of Mexico are being refilled with oil coming up from below the current oil fields. Russia has drilled over 300 eight-mile deep wells into the Earth's granite crust. This has worked so well that they worked in Vietnam and found oil off its coast where everyone said there was no oil. Oil used to be found in sedimentary rock at 2-3 miles deep, but the Russians found a new source. What is happening? There are two basic theories on the way oil is made. The number one theory for the last 150 years is the Biotic Theory or the plant/animal theory. The second theory is called the Abiotic Theory and it means no plants. Russ will show scientific data on both and let you decide which to believe. When running for president Al Gore said in 2000 that by 2018 oil production would peak (Called Peak Oil) From then we would run out of oil in the next few year. Are we running out of oil? Come and see what the data says.