Yes, Fareed, but you are leaving out point “C” which is actually ‘why’ “B” and “A” matter — oil is a finite resource, and peak oil (the point where we reach zenith of production capacities) is upon us. There is ever-more demand, and ever-less supply. Yes, there is a lot of politicizing going on about who can do what, but where is the person who is going to start talking reality about the world’s (and US’s) energy situation. Why does it remain such an unmentionable situation?
(I’ll also use this opportunity to announce the development of a new “Politicization of Energy Discussion in the USA” Case Study. It’s not just about this election year, either, it’s a long-standing trend, and this post is just one piece of a larger puzzle).