Hysteria?

Is Sully being overly excitable again? Maybe. Even if he is over blowing the situations he is highlighting, they all need to be of some concern. To me, though, his last paragraph is the most important thing here.

Oil is the source of the power of our enemies, and the enemies of democracy and peace. Until we shift the global economy decisively away from petro-economics, the West will decline quite swiftly in relation to the petro-powers. There is no peaceful future for a world run on oil. This is now not just a matter of environmental concern; it's a geo-strategic urgency.