Not really. Its trees from a time before micro organisms evolved the ability to eat dead trees. These days, the solar energy collected by trees will get used to power the metabolisms of fungi before those trees can get buried and eventually become new coal & petroleum.
I suppose an impact from a sufficiently large asteroid could turn the entire crust of the planet into magma, sterilizing it and therefore opening the possibility that new oil might be created some day.
xkcd #2948: Electric vs Gas ( xkcd.com )
Alt text:...
Gen Z is prioritizing living over working because they've seen 'the legacy of broken promises' in corporate America, a future-of-work expert says ( www.businessinsider.com )
A future-of-work expert said Gen Zers didn't have the "promise of stability" at work, so they're putting their personal lives and well-being first.