Essentially with the death of the saudi Arabian king, and Gaddafi this past week, there are succession issues. This article brings up multiple issues in relation to who will succeed as ruler or governor of each country, and how that could affect oil prices in the US. It looks to be that oil prices may rise heavily in the future, as Libya and Saudi Arabia are two of the biggest oil suppliers to the US in the world. The question arises- how concerned should the US be about Middle Eastern Politics?
Given that the US was the world's leader in oil production in 1913, this is a relatively "modern" concern!
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