Why not? The theory that oil is a result of decayed plants and animals makes less sense. Why, if the conventional theory is correct, is it not possible to drill for oil everywhere? As a previous poster noted, funny how all the dinosars died in Saudi Arabia -- or Alaska, or off the shore of the Shetland Islands -- but not in the Dakotas or Arizona.
Another thought....how many dinosaurs does it take to make 1 barrel of oil....now multiply the answer times however many barrels the saudi reserves are.....I doubt that many dinosaurs ever existed.
Before anyone blasts my unscientific method of calculations....i know it is unscientific...