Some problems of the current interpretation of the Oort Cloud are discussed. If observational selection is taken into account, no significant difference in physical characteristics of old and new comets is apparent, in spite of the required change in the radiation mechanism after the first passage near the Sun. The abundance of new comets puts special requirements on the relative size of the perihelion distances at which they lose their orbital characteristics and original surface properties, respectively. Stellar perturbations do not seem to be effective enough to displace the perihelia of new comets in a single revolution from the zone of insignificant planetary perturbations into the zone of detectability. Therefore, many physically new comets should appear as dynamically old, which is at variance with observational evidence. It is speculated whether the Oort Cloud really represents a reservoir of comets passing near the Sun for the first time or, alternatively, a region where the capability of building up extensive comas is being restored within periods of the order of 106 to 107 years.