Some time back, one smart person mentioned to me that the oil crisis in the Middle East might benefit the US oil producers since the government would authorize full scale excavation of the oil reserves. Also, when the oil prices start growing uncontrollably, other fuel options become economically viable. For example:
"The global oil-shale industry began to revive at the beginning of the 21st century. In 2003, an oil-shale development program restarted in the United States. Authorities introduced a commercial leasing program permitting the extraction of oil shale and oil sands on federal lands in 2005, in accordance with the Energy Policy Act of 2005." Oil shale - Wikipedia, the free encyclopedia
And since the production of goods had mainly shifted to the Asian countries, the export of oil might offset the import costs of goods from Asia... Anyways, not sure this is a right place and time to bring up that discussion. Probably, when the immature slogans like "The US simply wants to control the entire world and the only obstacle to that is Russia" will cease to be used irresponsibly... Anyways, you got the picture.![]()