We did the invasion thing. Now we're sustaining the chaos with surrogates and drones.
But the oil isn't worth as much as it was 5 years ago. That market is glutted. Nations like Saudi Arabia and Iraq aren't as important to us economically.
They are .... as long as the Dems keep preventing domestic oil production. It's only a matter of time before they put the squeeze on us, and we have to jump through our ass trying to gear up domestic production (at a highly inflated and ruinous cost, of course)
The US is pumping in a range of 8 to 10 million barrels of oil per day. Meanwhile California residents are installing solar at an escalating pace. California businesses like Google and Apple are investing in wind and solar. Cars are more efficient. Homes and businesses are more efficient.
Oil becomes less and less important every day. That's the main reason why the US oil industry has slashed $1 trillion in investment for the years 2015 thru 2020.
Worldwide investment in the development of oil and gas resources from 2015 to 2020 will be 22 percent, or $740 billion, lower than anticipated before prices plunged in 2014
Oil Industry to Cut $1 Trillion in Spending After Price Fall
... and exactly what impact does government subsidies have on the decision to invest in green energy?
We know that it isn't profitable, no model has ever been produced to show that it can be profitable without government subsidy.
It's whistling in the wind (pardon the expression)
Subsidies have been a major factor in the proliferation of solar. The federal tax credit has been extended thru 2019 when it's scheduled to be reduced in stages.
At the same time the US gives farmers fuel subsidies for buying diesel and gas worth $1 billion. The govt buys $1 billion worth of fuel for the strategic petroleum reserve. And we shell out over a half billion for low income people to heat their homes. I've not sure how much we've spent on military strategies to keep foreign oil flowing from places like Saudi Arabia and Iraq.
More to the point of the OP, international subsidies have been estimated at $750 billion to $1 trillion and we import some of that cheap oil. The question is, how long will that persist?
Certainly oil will persist as a backbone of the economy for many years. The price of oil will continue to rise and fall. In the long run, I believe oil will become less of a factor in terms of being the keystone of our military strategy. There's just too much oil flowing out of Canada, Mexico, Central America, South America and Northern Europe (not to mention domestically) to motivate us to go to war over it. And alternatives become cheaper by the day. The price of large-scale solar is now on par with natural gas. The machines that run on petroleum are becoming more and more efficient. You don't see too many Oldsmobiles on the roads these days.
Solar power is on pace for the first time this year to contribute more new electricity to the grid than will any other form of energy—a feat driven more by economics than green mandates.
The cost of electricity from large-scale solar installations now is comparable to and sometimes cheaper than natural gas-fired power, even without incentives aimed at promoting environmentally friendly power, according to industry players and outside cost studies.
-Fortune Magazine
Water is another story and a major source of conflict in the Middle East but we'll probably let them sort that out for themselves as we don't need to import it.