Whether it's entirely from decayed biomatter or not, one thing I've never seen properly addressed is the ongoing nature of the process. We like to think of it as dead dinosaurs, but the huge bulk of that biomass was probably from simple organisms like algae and primitive plants. My question is, hasn't biomass continuously been consumed by the Earth ever since? Wouldn't the same geologic process occur on all this comparatively more recent biomass, so instead of Dead Dinosaur Oil we might have Dead Stuff-That-Lived-Right-After-The-Dinosaurs Oil?
Either way, we have a lot more exploitable oil than we have been led to believe for the past 40 years. There's been an awful lot of disease, hunger, and death as a direct consequence of this manufactured scarcity. But what's new about Leftists having blood on their hands?