There is an interesting theory that petroleum are not formed by dead organic matter but from deep down the mantle through inorganic means.
Abiotic Theory of Oil Formation
http://www.enviroliteracy.org/article.php/1130.html
CONSIDERATIONS ABOUT RECENT PREDICTIONS OF IMPENDING SHORTAGES OF PETROLEUM EVALUATED FROM THE PERSPECTIVE OF MODERN PETROLEUM SCIENCE
http://www.csun.edu/%7Evcgeo005/Energy.html
Gas Origin Theories to be Studied
http://www.aapg.org/explorer/2002/11nov/abiogenic.cfm
The theory was proposed by some Russian scientists. If it were true, oil supply would be limitless. However, most US scientists and geologists do not agree with them. Below is an article that refutes the abiotic theory:
http://www.museletter.com/archive/150b.html
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