Just the fact that we have to convince ourselves and others of this illustrates the fact that things could be worse....there could be another oil embargo like the one that basically crippled our economy in the 1970s.
Considering all the inflamatory rhetoric being thrown around, I expect we will indeed see far worse.
Perhaps instead of the hypocritical Royal Family, an openly hostile radical Islamic state in their place.
That would be nice.
An openly hostile radical Islamic state without the oil fields or the money. I doubt that the Muslim World would long leave such an entity in charge of the Holy Places.
This could be a very good thing. When it is late at night and you are being cheated at the card table sometimes you just gotta' kick over the table and shoot out the light.
That was not very long ago at all.