Given another hundred million years, those fields may regenerate, but so what.
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You are missing the overall point of Golds theory, by concentrating on petroleum regeneation.
His point is that we will NEVER run out of methane/hydocarbons. We may have to drill very deep, but it is down there.
You might also think about how important it is for the oil industry to belittle this theory.
So we don't need to drill in ANWR, we just need to keep drilling deeper and deeper in our existing fields ?
His "Theory" is that we will never run out of hydrocarbons. He has no proof.
If he's right, the cost of fuel/oil will still go up sharply, because it cost far more the deeper you drill.
Sorry, but I don't buy the conspiracy that the oil industry belittles his theories because it might hurt them. If it's there, they will drill for it, but it will cost more, so we will pay more, and everyone will continue to bitch about the cost.