Everyone should simply calm down, climate change doesn't affect us and neither will running out of oil, all of that is years away and no point worrying over it. Its like worrying over that one day the earth will burn up from the sun and be destroyed. Who cares?
I think it has been found in tiny amounts, tiny tiny amounts, its some byproduct of methane, nothing whatever to do with our crude oil which originates from marine life, or our coal that oiginates from land based plant life
No body remotely serious thinks our oil gas and coal has anything to do with the Abiogenic nonsense, its all Bio
If I recall correctly, Azerbaijan is as rich as it is because oil literally did bubble out of the ground, making its presence obvious and its extraction costs low.