Oil Forever?

We're running out of oil, right? Because there were just so many dinosaurs to go around, right?

Maybe, not so much. Coyote Blog has some news that, if true, makes the future much brighter. As in huge, oil refinery flares, brighter.

...most underground hydrocarbons were actually produced underground from methane deep in the earth that is converted by underground bacteria to longer-chain hydrocarbons as they move toward the surface. Many thought gold to be a quack, including most in the oil industry, but I thought his hypothesis at least intriguing enough to test. Which someone apparently has: