Considering ANWAR alone is conservatively estimated to contain more untapped oil than we have imported in the last 10 years I find that a little hard to believe. There are many sites confirmed to have large stores that have yet to be tapped off the coasts and protected tar pits etc. as well. Definately a sky is falling type scenario. I wouldn't loose any sleep over it.
2000 Red 1SC Z28 A4 - dead for now
2005 Black GTO M6 6.0 - Split daily driver
1987 Silver Fiero GT - Split daily driver