Perhaps both theories are correct? There’s more than one way to create chained hydrocarbons. Scientistst argued about light for decades before they finally agreed that it was both a particle and a wave.
Well for starters.
1, I believe there are substantially more conventional reserves that have not been tapped at all. This is contrary to the peak oil folks.
It’s not an either/or question. You don’t have to choose between an abiogenic origin or peak oil. There are more fossil fuel theories than just ‘peak oil’, which has consistantly been proven wrong.