re: Ran across this image, is it true, or is it Big Oil propaganda?

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I believe its a renewable resource the earth provides through chemical breakdowns from the its core temperatures.

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You are correct, however we are using it faster than the earth is making it. Much faster.

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I've always had a problem with the term "fossil fuel" I believe its a renewable resource the earth provides through chemical breakdowns from its core temperatures.

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It’s created from the decomposition of organic material. We make biofuels from organic materials using the oil in it.

Crude oil is just natures way of doing this over thousands of years. Think if an animal dies on the ground, and decomposes. The grease spot left weeks later is just a type of oil. All that seeps into the ground. The oils in plants that die seeps into the ground. Eventually it all works it’s way into reservoirs just like groundwater does.

You can pump it out faster than it replenishes but it’s not a finite amount. You could stop pumping and over centuries the reserves would refill, or new reserves would be created under areas with a lot of organic growth.