The Daily Feather — Dinosaurs Ain’t Renewables

Who hasn’t pumped gas thinking refined Velociraptor is pouring directly into their tank? As strongly as the myth has held, oil is not made from the decomposed bodies of ancient dinosaurs. In Science Norway, Geologist Reidar Müller of the University of Oslo explained “Oil comes from trillions of tiny algae and plankton” which died millions of years ago, sank to the ocean floor, and were buried by layers upon layers of sediment. Countless millennia in a high-pressure and low-oxygen environment “cooked” the microorganisms, which morphed into sticky black oil. While marine reptiles made for fearsome fossils finds, their remains couldn’t be converted into today’s crude. An oxygen-deprived environment is essential to turning organic matter into oil. As ferocious as they were on land, in the end, they were happy meals for smaller aquatic creatures.

The strata of bond yields are too dry to even audition for folklore. Bonds 101 teaches that nominal yields are composed of real yields and inflation expectations.