Abiotic Oil: Science or Politics?
The concept of "oil peak" is strictly linked to a view that sees oil as a finite resource. Several economists have never accepted this view, arguing that resource availability is determined by price and not by physical factors. Recently, others have been arguing a more extreme view: that oil is not even physically limited. According to some versions of the abiotic oil theory, oil is continuously created in the Earth's mantle in such amounts that the very concept of "depletion" is to be abandoned and, by consequence, that there will never be an "oil peak."
The debate has become highly politicized and has spilled over from geology journals to the mainstream press and to the fora and mailing lists on the internet. The proponents of the abiotic oil theory are often very aggressive in their arguments. Some of them go so far as to accuse those who claim that oil production is going to peak of pursuing a hidden political agenda designed to provide Bush with a convenient excuse for invading Iraq and the whole Middle East.