"For decades, US foreign policy and defense strategy revolved around keeping the flow of oil from the Middle East going.
Right now, the country with the world’s biggest oil reserves — Venezuela — is putting out a fraction of its traditional production, as a corrupt and inept socialist government has lost the ability even to keep the golden goose going.
Meanwhile, Iraq is in turmoil, Iran is crazy and Saudi Arabia has been looking shaky.
Despite all this, oil and gas prices are holding steady, and while what’s going on in the Middle East constitutes a diplomatic crisis, it’s nothing like the sort of earthshaking trouble it would have been a decade or two ago.
You can thank the frackers for our energy independence
Why is that?..."
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