How has this continued petroleum extraction from selected areas over time likely affected petroleum resources on Earth?

Answer:Petroleum, also called crude oil, is a fossil fuel. Like coal and natural gas, petroleum was formed from the remains of ancient marine organisms, such as plants, algae, and bacteria. Over millions of years of intense heat and pressure, these organic remains (fossils) transformed into carbon-rich substances we rely on as raw materials for fuel and a wide variety of products.