Infinite Oil?

Here's an idea that's been circulating around the Intertubes for a while, and if you haven't heard about it, please click on this American Thinker link and prepare to be surprised.

What if Oil and Natural Gas are Renewable Resources?

I've often wondered a couple of things about the theory that oil was made from compressed dinosaur. First off, if we're drilling hundreds or thousands of feet below sea level in places that have pretty much always been covered in water, how did these zillions of Dino's get there? What were they eating? Has any Dino DNA ever been found in oil?

This idea needs further exploration.