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This is becoming the more and more reasoned theory. I have seen evidence of this theory in print now for over a decade. There is factual evidence of oil wells thought to be dry "filling up" with attainable oil again.

This repeatedly comes up on threads and has been repeatedly shot down by people that actually know what they're talking about; people have got it in their heads that oil fields all over the world are rapidly re-filling; this is not the case. There's a tiny handful of fields that may be re-filling that are connected to other fields that haven't been tapped. On the other hand, there are THOUSANDS of oil fields that are basically played out and are not refilling.

And there are very, very, very few petroleum geologists that do not believe oil is a fossil fuel; there are people on FR under the mis-impression that most geologists now accept Gold's theories about the abiotic generation of petroleum, and most completely dismiss it.

...that oil fields all over the world are rapidly re-filling...

No, perhaps not rapidly refilling, but perhaps refilling nonetheless. As I said, it's a theory. It has been neither conclusively substantiated, nor conclusively disproved. Regardless, there are enough feasible energy alternatives. They WILL become cost effective either way. We ain't gonna be without electricity in 50, 100, or 200 years from now.

Old wells/fields ARE regenerating. You are correct that they are nowhere near their original level of production. And you will note that I did not say "rapidly refilling".

We will never run out of oil. We WILL reach a point where demand exceeds the ability to produce.

As to geologist believing in fossil fuels, Of course they do, that is what they were taught in school. Theory changes, the state of the art changes, NO reputable geologist believes in Dyson Unifromitarianism any more but is was taught in schools at one time. No sane person believes in socialism any more, but governments still practice it. There is no scientific evidence to support the theory of man made global warming, but it is still given wide credence. The list goes on.

The problem with most of these arguments about energy production is that they are usually Zero Sum arguments.
In the 60's we were going to run out of food in 50 years ( the Population Bomb), in the 70's it was the coming ice age (I still have the Nasty Geographics to prove it), in the 80's it was the Ozone Hole, in the 90's it was Global Warming, and now its Oil. Pick your crisis, it will be a non issue in a few years.