About 10 years ago I came across this theory in an article about some Texas oil wells that were getting refilled from someplace and have been arguing it ever since with people that think I am crazy. I am a believer in this theory.
There may be something to Gold's theory, but a few examples of wells being larger than previously thought doesn't prove anything. All it really means is that the geologists didn't have the full picture of the reserves to begin with. It totally reasonable to assume that geologists miss a reserve just below the one that they are drilling, and that the below one bubbles up as they drill the upper one.
The idea that the thin smear of biotic activity which has coated this planet for the past couple billion years was the origin for vastly deep reservoirs of oil and gas just never made sense in the first place. Dr. Gold's theories ring true. Recent discoveries that organic molecules seem to be everywhere in the observable universe also seem to support them.
For whatever reason, people usually seem eager to defend the theories their professional educations were based on. Frequently they are quite nasty about any challenge to "conventional wisdom.
Geologists are one example, although the paleontologists still searching for human origins among chimpanzeee bones in East Africa are perhaps a better one. I'm still waiting for a diploma-ed biologist to explain why all the other furless large (really large) brain mammals with webbed appendages and subcutaneous fat layers are aquatic (dolphins, whales, seals, etc.) and how that fits with evolution in a dry grassy savannah.