Possibly we won't run out of oil for a long time
His most controversial idea was among his last, and geologists and petroleum experts around the world still rage against Gold for suggesting they were dead wrong in their understanding of how oil and gas are formed in the Earth's crust.
Now, a couple of decades after Gold first suggested that hydrocarbons are formed deep underground by geological processes and not just below the surface by biological decay, there is increasing evidence that he may have been on to something.
If he was wrong, he may have erred only in taking his idea too far. Gold argued that all hydrocarbons are formed in the intense pressure and high heat near the Earth's mantle, around 100 miles under the ground. If he was right, it means the finite limits of the resources that power our cities and our factories and our vehicles have been vastly overstated. . . .
The article goes on and discusses some experiments at Lawrence Livermore that have produced methane under conditions found 100 miles below the earth's crust. Livermore produced a news release that read: "These reserves could be a virtually inexhaustible source of energy for future generations."