No.
At the moment, we use cracking to turn heavy, long-chain hydrocarbons into more valuable short-chain hydrocarbons, such as petrol/gasoline and kerosene; as a general rule, lighter hydrocarbons are more valuable, at least up to butane.
Generally, it might take the form:
C$_{16}$H$_{34}$ $\ce{->}$ 2 C$_8$H$_{18}$ (Octane, a typical petrol component)
Note that this is not balanced; to crack to fully-saturated products we need to add hydrogen, usually made from natural gas and water. This is why you sometimes see that a refinery will take 1 tonne of heavy crude and make 1.1 tonnes of petroleum products. This is called 'refinery gain'.
Essentially, as long as we have hydrocarbon feedstocks, we can make kerosene.