We miss the point. It doesn't matter what's happening to the Middle East, or China, or Russia, or Exxon Mobil. Big oil doesn't need an excuse to raise their profits. The American people will pay and pay any price to keep their cars hurtling down the highways. If petrol went to $6 a gallon next week, we would bitch and moan and pay the piper. The poor and working poor would suffer the most until they gave up their cars but for special events, like a Sunday drive out in the country.
The wealthy won't think twice about it.
We are running out of oil. It's not about cars. It's about running out of this resource and having to find another. When the Middle East has pumped the last drop, they'll simply fold their tents and live as Nomads in the desert. When we have no cars, we will go back to horses and an agrarian society.
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