Anyway, went to his main page there, snagged this quote: "Drilling into crystalline bedrock is now underway in Russia on a large scale. More than 300 wells have been drilled to a depth of more than 5 km and are productive, as also is the giant White Tiger field offshore Vietnam, mostly producing also from basement rock. "
Could be one reason that putin is ready to take on the saudis, maybe they proved this guys theory to their own satisfaction and are running with it.
It's more like the water gets saturated with methane, which takes the density of the water and greatly reduces it. As a result, something that would easily float on regular water is instead floating on a methane saturated water solution that is no longer dense enough to provide buoyancy, so it sinks. When the methane continues to rise up in the air it provides a hazard to passing aircraft, flying through a giant cloud of air and methane tends to make engines explode. This is the current theory of the Bermuda Triangle, and I'm thinking that it is a good theory. I don't know if it's right, but it sounds right. I would love to find some proof if it's true.
As far as the renewable oil theory goes, I think it is very interesting, and it seems a lot more likely to me than the old "decayed vegatation" theory we were all told in school. I'm looking forward to more evidence being presented over time.