Is it possible for other planets to have oil reserves?

It is possible that other planets have oil, which would be a saving grace. Some are being studied for this reason, and it would be wonderful if we could use it though that would take so much time and money, it's not very practical. But, as far as if it exists...yes. It does. One of Saturn's moons is of particular interest. It has a tiny satellite that has much more oil and gas than Earth does. It is certainly worth checking into.

There are also other liquid hydrocarbons there and on planets and even more so than all of the known oil and gas reserves on Earth. What will happen if we tap into that resource? It could be a touchy subject, but it could be one of the best moves ever. There would probably be wars over the access to it as there seems to be when anything is coveted or of value. But, will oil be used from another planet in the future? One day, it will probably happen.