None of us would like to be called a fossil, even as we grow to resemble one. The term implies antiquity, obsolescence, failure, even passage beyond the point of extinction. As a contrast to the commonly popular term for “renewable” fuels, the label “fossil fuel” carries huge baggage. This is not an accident. In the race for public acceptance, “fossil fuels” start with a brontosaurus tied on as dead weight. (“Mom! Don’t put that in your car! It was a dinosaur!”)
But it wasn’t. Thick beds of ancient plant matter, plankton and microbes built up and then were covered under earth and chemically decayed into these fuels, over great stretches of time, much as is still happening with peat (another carbon fuel.) Technically, they could be called biofuels quite correctly, but to distinguish them from the modern biofuels being brewed or distilled from fresh plant matter, the extracted ancient versions can be called carbon fuels.
And, agreed, they are not renewable, given the long lead time of their creation. In theory they could run out. Such a prediction is made all the time, and all the time they keep finding more. Good stuff. We still need carbon fuels, parts of the world are just getting around to using them in homes, and they will be in heavy use for decades and decades to come.

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