Oil Wells Are In Fact Refilling

Over the last few years, the rumor that our oil wells are drying up spread like wildfire. The new slogan was to buy more fuel efficient cars and carpool more. In high school classes, it was being taught that the world was running out of natural resources. But in fact four years ago scientists noticed that many of the oil wells were actually refilling and some were refilling quickly.

Although it sounds too good to be true, increasing evidence from the Gulf of Mexico suggests that some old oil fields are being refilled by petroleum surging up from deep below, scientists report. That may mean that current estimates of oil and gas abundance are far too low. They are refilling as we speak. But whether this is a worldwide phenomenon, we don't know."- Robert Cooke

So if the wells were refilling at a faster rate then thought four years ago, how does that effect us today? People could say that the oil wells are slowing down in their natural production; but why would they be? The process is a natural event and even though we keep pumping more and more oil it should refill itself. It will be interesting to monitor over the next few years. The gas companies tried to hide the excess of oil before, are they still doing it and will they continue to lie to us?