The Theory of Abiotic Oil. That says quite a bit, doesn't it? But what does it mean? The theory holds that oil is not a fossil fuel, and that it's a substance that is naturally produced by the Earth.
To completely discuss it would take a great deal of time, patience, and more understanding than I have of the subject matter. There are a few things that bolster such a theory, the fact of a methane ocean on one of the extra-Earth moons in the solar system (I can't remember which moon nor which planet it orbits) and the fact that quite a bit of oil can be found out in the oceans.
If oil were derived from decayed dinosaurs, did the dinosaurs all swim out there and die? As for the methane on that moon, did the dinosaurs ride out there in a rocket ship?
There are problems facing the theory that oil is a fossil fuel, just as there are problems with the theory that oil is abiotic.
A few sites are here: http://en.wikipedia.org/wiki/Abiotic_oil_theory
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