No, it wont ever happen. Oil and Gold had been so stable in its place and proven -  tested for so many years, with our ancestors. Its proven to be the great and valuable asset, a back up to fiat before this modern high technology was introduced widely all over the world. Though, Bitcoin is much valuable now and called as the largest cryptocurrency in the market, it has still something much to prove to replace oil and gold. On the other hand, they are both valuable now and the only difference is that Bitcoin is decentralized and untouchable unlike oil and gas which is tangible by nature and existed million years ago.