Why is oil called fossil fuel?

What are your thoughts on this?

“Someday we’ll all learn oil isn’t made from dinosaur fossils. It is naturally produced from within the earth, like the blood within our bodies. It is a renewable resource which can never run out.

The scarcity tactics is used by the elites to promote them as “fossil” fuel, because allegedly being fossil fuels, it means that it will run out, therefore keeping the prices high.

In fact there is almost as much underground oil, as there is water here on Earth.”

h/t OriginalGangsta

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