Dr. Jerome Coursi's new book "The Great Oil Conspiracy" says German chemists during WWII, tasked with finding sources of oil to continue the war, unlocked the formulas for how oil is created deep in the Earth and comes up through fissures. [This is different than liquefying coal, which they also figured out how to do, but is cost prohibitive.] The US obtained these formulas after invading Germany.
But, according to Corsi, the government and the oil companies conspired to keep this information secret. Why? To maximize oil company profits be maintaining the illusion oil was a limited resource. Anything which is scare, like diamonds, is expensive. As long as people believe oil is the result of dinosaurs, and refer to it as a fossil fuel, the prices can be kept high. [abiotic means not biologically produced, for anyone who didn't know].
Here's a 10.5 minute recording of Dr. Coursi talking to Rusty Humphries of 640 WGST in Atlanta today. [There's an abrupt discontinuity around 8:30, where I cut out a commercial break.] You can listen to it by clicking on the bar below, then click on the pause symbol when you've heard enough. (The first few minutes will give you the general idea.)
Abiotic Oil Jerome Coursey 10_5min (His last name is spelled "Coursi")
You can buy the book for just $6.99 in kindle format at Amazon (free readers are available for Mac, PC, iPhone and Android phones) and be reading it in minutes.
If this is true, it holds major implications for our national energy policy.
There's a rather extensive wikipedia entry on the "Abiogenic petroleum origin."
Dr. Corsi (PhD in political science) has a propensity to frame things as conspiracies (which helps sell books, no doubt), so I don't take what he says and writes as truth, but more as something interesting to investigate further.
I do remember some saying the world would run out of "fossil fuels" in 40 years, back during the Carter administration. In 2010, a self-proclaimed fuel expert said 131 years. It seems the discovered reserves grow faster than we can deplete them, and the projected date keeps moving further into the future. If oil is, in fact, being generated by the Earth, as this book postulates, the Earth will always have oil.
I'll have more to say about this after I read the book, but feel free to express your opinion now in the comments.