No, not a bit because it is not petroleum based. If you've looked over the info on their website, they recommend and I've done, is to clean the bore to as close to bare metal as reasonable. They run a wet patch of Strike Hold down it a few times let it sit and then a dry patch.
All I can tell you is, I've been using on every firearm I own. After use cleaning of the barrel just requires a wet patch of S/H, let it sit a minute and then a couple of dry patches. Use it on all my tools, saltwater fishing tackle, use it like a penetrant to loosen rusted nuts etc. I've found it to be the real deal. Just go to their site and watch the videos. I've actually seen the light bulb and drill demo live in person at the gunshow where I first found and tried it.
The last couple of years I was on active duty, I was a staff wennie at HQ USCENTCOM and would have to make short trips into various places that were...dusty. We didn't take weapons with us since we were only there for a week or two at a time, we'd just draw weapons from the armory. I started taking a small bottle of this stuff and the very first thing I would do is break everything down and give it a good cleaning with it. The weapons would just not attract the dust and burnt power residue like others. Even the inside of the receivers and bolt carriers/assemblies just never seemed to collect the dust/residue others did.
Now, when I come in from fishing (saltwater), I just rinse the rods and reels with tap water an give them a light spray with Strike Hold. Even leaving them sit for months unused, WD 40 would dry and gum up the internals, not this.
You do have to be careful using it on some polystyrene based plastics.
I don't have any financial stake in the product.