Originally Posted by
Skyone
That's great, Gloops. But it's not all about us being free from foreign oil. Do you forget many of our staunchest allies do depend on it? How will the WORLD economy deal with a shutting down of ME oil? We all know what the world economy did after one day of major terrorist attacks did. So from whatever event would shut down ME oil, if there was an economy, you think BP, EXXON, etc. would not want to sell their oil abroad at a price probably quadruple of what it is today? TP made a good point. You need stability in the world's economy to enjoy the good ride you're having now.
Shutting down ME oil is an EMPTY THREAT.
They need to sell it every bit as much as someone needs to buy it. They will just need to pay for their own defense for once.
As for your "quadruple" oil price scenario, we survived 150sh bbl oil for a while just fine, and a long time at near double today's prices. The higher the price, the more and the faster our larger permanent infrastructure would come online. They know this very, very well. That's why our good buddies in the House of Saud are waging economic warfare against North American oil production right now. Empty threat.
We don't need them. We don't need to babysit them. We don't need to protect them. We don't need to transfer our industry to them. At all.