Saturn’s moon Titan has oil on it!

… data from the Cassini probe orbiting Saturn has shown that the ringed planet’s moon has “hundreds of times more liquid hydrocarbons than all the known oil and natural gas reserves on Earth,” according to research reported in the Geophysical Research Letters.

So when did Titan have dinosaurs?

Or is it possible that geophysical processes could produce liquid hydrocarbons? Perhaps, even here, under the Earth’s crust?

And if so, what are the implications for the Russian scientists who have promulgated a theory of abiotic (alt. term, abiogenic) oil production, and what are the implications for the “peak oil” theorists?