If more than just Saudi Arabia were taken off line we might have a temporary problem, but Saudi Arabia alone is completely replaceable.
Articles like this are one reason so many salon liberals believe we must appease the Arabs. The myth of the critical importance of Saudi oil can do real harm.
I agree, but the Sauds can't eat it and will sell it on the market as will the rest. Personally, I think we should be converting to natual gas. Over 90% is still in the ground and most has not yet been found. We have plenty of it.
Conversion is reasonable as far as cost. There is a loss of performance but who gives a crap. We could have and tried to do this years ago but gas has been too cheap. Let's get it done!