Is Oil Renewable?

Jeff Siegel

Written By Jeff Siegel

Posted July 8, 2024

Is oil renewable?

is oil renewable

While I know I may ruffle some feathers with what I’m about to write, the truth is, yes, oil is renewable.

As described by National Geographic years ago, when prehistoric animals and plants died, layers of rock and dirt gradually buried them.  Over millions of years, heat and pressure from Earth’s crust decomposed these organisms into one of the three main kinds of fuel — oil, natural gas, and coal.

Because animals and plants will always die and decompose, oil will always be created.  It’s the cycle of nature.  Of course, to suggest that oil is renewable in an effort to discredit the value of things like solar, wind, and geothermal, would be an act of insincerity.  After all, every single day, the wind blows and the sun shines.  But it takes millions of years for oil, natural gas and coal to be created and useful for our daily energy needs. 

That being the case, it doesn’t really matter that oil is renewable because it can’t be created as quickly as we consume it.  So outside of just understanding this from a scientific standpoint, the question itself — is oil renewable? — serves no real purpose for our needs.

Is Oil Renewable?  Does it Matter?

Here at Energy & Capital, we’re only concerned with one thing: Helping you create wealth by profiting from the most lucrative energy and energy-related opportunities in the world.  And that includes pretty much everything.  Oil, natural gas, nuclear, solar, wind, geothermal, energy storage and all the materials and mechanisms that allow us to utilize these resources as efficiently as possible. 

Of course, my area of expertise is renewable energy.  Or more specifically, renewable energy created from sources that don’t take millions of years to create.  But that doesn’t mean I’m anti-fossil fuel.

Truth is, one of the best performing stocks in my portfolio right now is Civitas Resources (NYSE: CIVI).  This is a domestic oil and gas play.  

The company’s operations are focused along the Denver-Julesburg, Delaware and Midland Basins.  These are three of the highest producing, lowest breakeven basins in the United States.

Civitas’ balance sheet is stellar.  And I’m particularly fond of the fact that Civitas is on track to become Colorado’s first carbon-neutral oil and gas producer by the end of this year.  This is of particular interest to me, as I’ve always been appreciative of companies that don’t treat the planet like a toilet. 

But don’t think for a second that the company’s environmental efforts have inhibited its ability to deliver for shareholders.  

Over the past three years, Civitas has delivered gains in excess of 115%.  And that doesn’t even include its very attractive 8% dividend. 

civi chart

I’m also quite bullish on new technologies that allow oil companies to increase output without drilling additional wells.  Like this new drill that essentially doubles or even triples oil output from the same piece of land. 

It basically allows oil companies to get a second oil well — absolutely free. 

I also like the fact that this new technology can boost production while minimizing environmental impacts. 

Of course, what really matters for us is that the company behind this new drill is making us a fortune.  And what else would you expect from a technology that offers…

  • A massive 50% reduction in drilling time
  • A $10 million in savings compared with the cost of traditional methods
  • A phenomenal 100% BOOST in production capacity

It’s a no-brainer.  Which is why I’m including a link to this new report which details how the technology works, and more importantly, gives you access to the name of this company and its ticker symbol.  

Bottom line: I don’t care if you think oil is renewable or not.  All I care about is making you money.  And that’s why I highly recommend you buy this new oil drill stock right now. 

To a new way of life and a new generation of wealth…

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Jeff Siegel

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Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor’s page.

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