Thursday, November 17, 2005

Fool's Gold: An Abiotic Oil Dustup

Looks like Rigzone has pulled the plug on some abiotic oil theorists peddling a dubious potboiler of a book (Black Gold Stranglehold) following subscriber complaints. Not only that, but the principals involved appear to be leftovers from the Swift Boat Veterans gang, a bunch whose credibility is at the very least subject to some serious question. There is a very simple moral here, one that's worth repeating: if abiotic oil exists, where is it? Whoever discovers any commercially available petroleum based on this theory has a mint waiting. Yet, they do not, and so I conclude they have no leg to stand on -- yet. (Hat tip: peakoil.com.)