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Originally Posted by Lucem Ferre
So, if oil comes from the breaking down of fossils over millions of years then how would we run out? Like, aren't other dead things going to break down over millions of years? Is there just some huge gap in time where things didn't live and we will have an oil shortage for a time?
I just don't fully understand this oil crisis thing. Couldn't the oil industries basically just tell us there is a shortage just so they can hike up the prices and make tons of money?
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The rate of consumption is a lot faster than the rate of creation, and there is also the caveat of finding the oil and safely extracting it. That last part is a bigger contributor to the situation than straight up availability.