Whatever the outcome in the rapidly changing Middle East, one thing is for certain--the price of oil will rise. It will rise to where it always should have been if the corrupt leaders of the region hadn't been giving the oil away to industrialized countries at the expense of their own impoverished citizens.
New regimes will probably nationalize oil fields so that Middle East countries can finally start benefiting from their own natural resources. This is a good thing--but oil prices will soar.
The U.S. can either use this as a motivation to develop new energy sources OR as an excuse to escalate domestic oil and gas extraction--further destroying the environment for the profit of a few.
Given the reactionary, Big Business stooges currently infesting Congress, I'm not optimistic about this decision.
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