Author Jerome Corsi and researcher Michael Ruppert debated whether oil is a renewable source produced deep inside the Earth, or a finite resource which will become more scarce within our lifetime.
Corsi's position: Oil is not "fossil fuel" but rather an "abiotic" substance that is naturally replenished on a constant basis. The so-called scarcity is a tact taken by the oil companies in order to increase their profits. Various surveys going back to the early 1900's have all claimed that we were going to run out of oil, but we now have a greater supply than we ever had. Oil companies should lose their tax incentives if they don't increase their reserves.
Ruppert's position: The world is behaving as if the Peak Oil theory were true, and our supplies will begin to dwindle from the amount they are now at. The notion of replenishing abiotic oil is not supported in scientific literature. Further, specific abiotic sites such as Dneiper-Donets basin and the Eugene Island Lot have turned out to be a bust or in decline in terms of supplying oil. People should adjust their lives as if Peak Oil is indeed true, and prepare and plan ahead for that eventuality.
A Fast Blast poll found 62% siding with Corsi and 38% with Ruppert.