I saw a show on the Discovery channel about an oil field just off of Sakhalin island on the east coast of Russia. The field contains more oil than Saudi Arabia according to taht program.

Two giant drilling platforms are being built in S Korea for the field. Each one can handle 26 wells drilled down and then off at an angle.

I am sure there are more fields like this in the world that can replace all the oil comming from the middle east in the near future.

http://www.radford.edu/~wkovarik/oil/index2.html