Experiments show that with conditions mimicking natural forces, oil forms quickly; it does not need millions of years, consistent with an age of thousands of years.

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Science is based on observation, and the only reliable means of telling the age of anything is by the testimony of a reliable witness who observed the events. The Bible claims to be the communication of the only One who witnessed the events of Creation: the Creator himself. As such, the Bible is the only reliable means of knowing the age of the earth and the cosmos. In the end we believe that the Bible will stand vindicated and those who deny its testimony will be confounded.

Source: Creation.com