Come on, John, join in, you know you enjoy this S$@T!
No, I have not forgotten about hydraulic fracturing and natural gas. How ng is going to affect power generation in the US is still unclear. Just tonight, on NPR, ng was called the "dark house" because its price is rather volatile and there is still fear that the EPA will issue ruling to curb widespread use of fracking.
Limiting ourselves to crude, isn't it convenient that Saudi Arabia (far and away the largest OPEC producer of crude) is a "staunch" US ally? The Arab Spring if and when it spreads to SA will be quite the (devastating) show to watch play out online and on the telly. It is not going to be pretty.