Many of the governments in the Middle East are learning that a political system exists based of the consent of the people. This is very important to the political theory of America and perhaps it is a universal truth.
Given the upheaval and rumblings in the oil rich areas I am surprised that markets are so calm. Perhaps it is because of the Fed's efforts to inject money into the US economy. It also could be that favorable corporate earnings reports are stoking enthusiasm.
In general, America and almost all other countries in the world face a huge threat of disruption in oil shipments at a time when developed economies are gradually recovering from the Financial Crisis of 2008.
It appears that the risk of a cut-off of oil shipments will be with the US for a long time. The attention is on the Middle East, however, perhaps the bigger problem will be oil shipments from Mexico.
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