I apologize if I was not clear. I am not suggesting the metabolic pathway for conversion does not exist I am saying that in humans it is almost never utilized. (It is not utilized because it is so expensive metablically). Like I said - you need to go research lipogenesis. Bottom line is that when it comes to energy we're very efficient. You can theorize about a possible senario where someone consumes 500g of protein a day (and nothing else) and yes eventually the body will convert it but in the real world this doesn't happen.
In the big picture - even the theory of potential conversion is irrelevant because in a hypocaloric context fat is going to be utilized as fuel and not stored.