I hope to good G-d that the U.S. does not involve itself in another War for Oil.
I want to doubt that this administration would be that daft... I hope and pray.
The end of America's addiction to Oil is at hand. You can see it from here. Maybe its not what we had in mind.... but there it is.
The public relations machines are cranking full tilt. There is little to no truth anywhere in the media - a lot of guessing, a lot of lying, and a lot of hoping... or more accurately, "wishcasting" is cropping up everywhere in the media. The facts are this. Oil went from $10 to well over $100 over the period 1999 - 2008. After Oil's subsequent crash (along with everything else) the pitch was that that episode in the price of Oil was a once in a lifetime event, a matter of speculation, a "bubble". Jump cut nearly 3 years hence: The MENA are awakening to the facts of their demographics, inability to grow food, and declining natural resources... and the average price of crude oil on the world markets is well in excess of $100.
In the past I mentioned that the oil for food trade will be interesting to watch to see how it balances out. I think that that is now coming to an inflection point. The impacts on employment, tax collection, the deficits (federal, trade, California!), social security/medicare/medicaide/food stamps et al are going to be on the order of "Shock and Awe".
The last thing we need is to waste more treasure, and worse - American lives - on another War for Oil.