National Review "Here is a news lead that begins with a bang and ends with a whimper: “The strike on the heartland of Saudi Arabia’s oil industry, including damage to the world’s biggest petroleum-processing facility, has driven oil prices to their highest level in” — here, Reuters should have used some ellipses of irony — “nearly four months.”
Four months!
"If the United States declines to go to war against Iran on behalf of Saudi Arabia, our increasingly troublesome client state, one of the reasons for that happy development will be: because we do not need to. It is no longer the case that the world sneezes when the Saudis catch a cold. U.S. interests and Saudi interests remain aligned, broadly, but they are severable.
"The high-tech method of mining shale formations for oil and gas colloquially known as “fracking” — though hydraulic fracturing is only a part of it — has been a game-changer for more than one game. While countries such as Germany set headline-grabbing, politics-driven carbon-reduction targets only to woefully fail to achieve them (it is very difficult to greenwash 170 million tons of brown coal), the United States has been relatively successful on that front, reducing energy-related carbon emissions by 14 percent from 2005 to 2017, thanks to natural gas; put another way, fracking has helped the United States to what climate activists ought to consider one of its greatest environmental victories.
"When the United States intensified its attention to the Middle East in the wake of the 9/11 attacks, the country was heavily dependent on petroleum imports. Today, the United States is the world’s largest exporter of petroleum — thanks to fracking. The pointy-headed guys in the Washington war rooms spend a lot less time worrying about whether tankers can get through the Strait of Hormuz these days. And that means the United States has a much more free hand — and more realistic options — when dealing with Riyadh, Tehran, or any of the other pits of vipers that pass for national capitals in that part of the world."
. . . Beady-eyed realpolitik used to mean deferring to the world’s big oil producers when it came to our relations in the Middle East. Now it means being the world’s big oil producer and — once they decide they’ve grown tired of unnecessarily taking on risk while giving up wealth, income, and jobs — helping our British and European allies become bigger players, too. Fracking involves some real environmental challenges — American producers and regulators have developed great skill at dealing with them. The environmental challenges of fracking are manageable. The Saudis and the Iranians are manageable, too, but at a radically higher cost in blood and resources. (Emphasis added by TD)
To paraphrase Winston Churchill back in the fifties, "Frack-frack is better than war-war."
