Recent (2006) review of the abiogenic theory

...This theory is therefore invalid. Both theories have been overtaken by the increasingly sophisticated understanding of the modes of formation of hydrocarbon deposits in nature.

BOld theories only die with their last adherents. So "absolutely incorrect" (TIA) may be technically wrong but is right for all practical purposes. (By this standard of weighing the evidence, BTW, recent creation may also not be named "absolutely incorrect")

Wolfgang