Woodrow
May Allah have mercy on him رحمة الله عليه
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Well, thats one of the few positive things that might come from this mess we have now. Iraq and Afghanistan clearly show that military involvement in the region is an expensive business and not very helpful in achieving your goals anyway. At the same time lets hope the oil age will end as soon as possible, since it another reason for the foreign meddling in the region.
This may be all that is needed to bring about the rapid demise of petroleum dependency. At the moment any further development of oil in the mideast is going to be very expensive and not very cost effective. The cheaper alternative is to develop existing oil reserves outside the mideast and strive for technology that will reduce the need for petroleum.
I believe the Oil corporations that control the oil market have gotten the message loud and clear, that it is going to be very expensive to use or depend on mideastern oil. It is not a wise choice to invest further money into mideastern oil and it is time for the oil companies to stop oil production in the region.