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[Clansgian AT wmconnect.com]

> > I have heard about oil wells refilling and
> I am vaguely familiar with the deep earth gas theory

Bev, that's the stuff of Coast to Coast and is basically utter bunk.

Here is one of many sites that debunk the deep gas theory (aka, abiotic oil 
theory):

http://dailyduck.blogspot.com/2006/03/debunking-abiotic-theory-of-petroleum.ht
ml

A few of the point covered are these:

If oil or gas were abundant in the mantle of the earth, then would we not 
expect that in places where the mantle is close to the surface (such as 
Hawaii 
and Yellowstone) we'd find abundant oil and gas?  In fact, we find none.

The oil and coal we use containes a predictable amount of decayed carbon 14 
showing that it was at one time alive.  If the oil's source were abiotic, it 
would be all carbon 12.


The abiotic oil theories find their origin in the fact that most people find 
the end of the oil age to be unacceptable.  If you told them their spouse was 
cheating on them or that you could prove there was no God, it would not give 
them the deep chill that the notion that their oil based lifestyle will be 
coming to an ed,

There are a few very minor oil fields that seem to have 'refilled'.  What 
your page does not admit to is that when they were pumped out and depleted 
for a 
second time, they did not refill.  The source of the "refill" has been 
identified as seepage, not abiotic oil.

Suppose that you have five bank accounts (as many do) and you had $10,000 in 
each of four of them and $100 in the fifth.   Now let's suppose that you open 
your bank statements one day and see that for whatever reason another $50 has 
been deposited to this last bank account.  Hurray!  All you worries are over, 
money appears in bank accounts and you need never worry about how much you 
spend.  Of course, you haven't opened the other four statements which show 
that 
the $10,000 in each of those accounts  is now down to $6,000 and falling 
monthly!

This is the exact thing that is going on in the world of oil.  Most of our 
oil comes from half a dozed giant oil fields such as Gahwar, Cantarell, North 
Slope, etc.  They are all in documented, demonstrable decline.  All the many 
very new small wells and the technology to squeeze the depleted oil sponge 
one 
more time has made up for much of the decline for the past ten years, but now 
those wells are going into depletion as well.

Peak oil is not a theory that you subscribe to like saying toMAYto or 
toMAHto.  Peakist point out that the KNOWN reserves of oil are depleting, 
that the 
month of highest world oil production was Dec of 2005, and simply ask the 
cornucopians, if you don't believe this, identify where you think more oil is 
coming 
from.

So people come up with bunk like the above.

Ah, better see this YouTube bit below:

http://www.youtube.com/watch?v=QovBLFZhQME