Oil along with water self replenishes.
They are the lifeblood of the earth. Oil should be as inexpensive as water.
Why then do we get the scarcity of oil shoved down our throats? Why are gas prices so high? The answers here are political and, going even deeper still, religious, but that is out of the scope of this article. Let us look at the factual proof that exposes “peak oil” as the utter fraud it is.
Oil naturally self replenishes. ( Abiotic )
Eugene Island is an oil field in the gulf of Mexico, 80 miles off the coast of Louisiana. It was discovered in 1973 and began producing 15,000 barrels of oil a day which then slowed to about 4,000 barrels in 1989.
But then for no logical reason whatsoever, production spiked back up to 13,000 barrels a day.