I saw something that said all the petrified wood on earth was created in a time before the evolution of the fungi that rot wood. I don’t know if this is actually true but if it is, does that mean there will be no new petrified wood ever?
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Petrified wood can still be created, but you are right that since fungi and bacteria have gotten so much better at decomposing wood that the petrification process, and the process that makes coal are much less likely to happen now.
This is what makes fossil fuels a truly finite resource because the replenishment will never catch up to where it was.
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