In a rough sense, it is true. There are many more oil deposits than have been discovered and that is true of water and its flow through subterranean channels. The key is that most water is burdened with presence of high concentration of salt. By the same token, not all the oil in the Earth’s mantle is fully recoverable with readily at hand technologies, or without going to great expense using highly sophisticated extraction techniques which make the price of oil unprofitable. While there is plentiful oil, the question is, what does it cost, and what is the downside to Gaia from manipulating the planet to do the extraction?
The techniques of fracking, in particular, are destructive to the environment and are not the proper way to obtain energy, so there are lessons to be learned here about how to go about using these fuel sources appropriately. In that sense, the term "fossil fuel" is not so harmful. All resources are precious and the key is to keep life going by not creating imbalanced environmental situations that limit human growth and prosperity. This is the balance you are seeking in things now and is complicated to achieve, and giving rise to many differing views and competing agendas that blind people as far as relative merit is concerned, and the risk to civilization of giving in to dark views that may also be quite unscientific and can threaten the well-being of humanity because of the scenarios that are more than likely to happen now.
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