No it is not, not for another 500 to 1000 years.
The USA has made SURE they have permanent control of Venezuelan hydrocarbon resources and are already in the process of establishing deep structures to maintain that control.
Many countries reliant on that oil from Muslim world were frantically communicating 24/7 through diplomatic channels due to the worries about their supplies be disrupted. Many foreign office officials of all these countries did not sleep according to their usual schedules and many, many of them had synced their clocks to the local KSA time in a way. Not a single one of them was thinking of moving away from that Black Gold, on the contrary they were looking for more long term commitments, some even offering contracts above market price.
It would be wiser to explore other viable means of energy due to growing demands due to growing populations, but the need for these natural resources isn't going away any time soon.