No, but if the process came close to our current rate of consumption, and had continued for hundreds of millions of years, it would cover the earth in several miles of depth.
The process hasn't stopped, but the rate of production is so small compared to current consumption to be considered insignificant.
Not arguing that the rate is sufficient for our needs, but even if the rate were 100,000 times smaller, we would still have a few thousand years supply. Enough time to find alternatives I would say.
Also surely you don't mean to imply that it would have actually come out. Whatever is generated presumably rouglhy replaces the volume of material that was its source...
Of course, IF it is abiogenic to begin with...