Funding your enemies is not a winning strategy.
The stone age didn’t end because we ran out of stones.
Neither did the bronze age or the iron age end from a lack of resources.
Eventually we will move on from petroleum as our source of transportation fuels. I highly doubt it will be because we ran out of oil.
Your plan could leave us under Islamic rule by the time we move to the next technology, after we funded them to develop it and control the source.