Petroleum is a derivative of decomposed dinosaurs. Or is it? The fossil fuel theory is a convenient narrative for oil producers and green politicians to push. If petroleum buyers believe that petroleum reserves are finite, it is relatively easy for producers to control pricing. However, what if petroleum reserves are not finite but are instead regenerative? What if petroleum reserves are abiogenic and created naturally near the earth’s core rather than a derivative of dead dinosaurs?
The theory that petroleum is abiogenic (not from biological material), has been around for several hundred years. Dr. Vladimir Kutcherov of the Royal Institute of Technology in Sweden has probably done more work than anyone in recent years on the theory of abiogenic petroleum. One of Dr. Kutcherov’s in-depth research articles DEEP-SEATED ABIOGENIC ORIGIN OF PETROLEUM: FROM GEOLOGICAL ASSESSMENT TO PHYSICAL THEORY may be viewed here:
What would be the incentive for existing oil producers to drill 200-300 kilometers down to reach these unidentified, deep-seated sources of oil when we have plenty of oil far closer to the earth’s surface? If limitless oil reserves were discovered it would torpedo the price of oil and completely disrupt the producer side of the industry. Our view is that should the abiogenic theory be proven at scale, it will be the work of well-funded new market entrants. Perhaps Amazon, Google or one of the other large platform Technology companies will enter the Energy business and become the wildcatters of tomorrow.