Oil is like a soup broth that has had rare ingredients cooking in it spanning millions of years. Sure, you can toss a bouillon cube in some boiling water to start a pot of soup, but crude oil is like a witches brew containing so many useful compounds that take so long to form that you basically can’t shortcut it.
Edit: The point about diamonds is that they are basically one pure substance (carbon) subject to specific conditions. Crude oil contains super complicated molecules, which themselves came from super complicated systems like plants or animals.
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