No more oil in Arctic??

So the war with Russia over the Arctic has died down according the Wired.

http://www.wired.com/dangerroom/2012/08/arctic/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+WiredDangerRoom+%28Wired%3A+Blog+-+Danger+Room%29&utm_content=Google+Reader