there is still plenty of blood for oil

In case there is anyone who can think out there who still believes the war in Iraq was NOT about oil - it gets no more obvious than this: We are building a military base ON TOP of an oil rig in the Persian gulf. This, of course, is almost sublime. It was always blood for oil. By not addressing this directly much of the "arugula" Left lost the anti-war argument years ago. Only peak oilers like me, and political numb skulls like ANSWER were left to screech the truth.
So be it. We made our bed 30 years ago when we laughed Jimmy Carter out of D.C. We have few choices now. One is to fight on, killing and being killed to ensure our "way of life" whatever that it. I suspect it is the right ot shop at Target for cheap air freshner and be entertained by Ellen and her doggy dramas. OR we can quickly, and brutally I fear, change our "way of life".
The facts on the ground are simple - we use 25% of the oil on earth to live the way we do. We have to go get that oil. Or we have to restructure every single expectation in American life. The chances are now essentially zero that we will do anything except continue an endless war.
Regardless, we are on the downward slope of peak oil. There is no alternative to oil. Nor will there be for our society. If we had begun the change 30 years ago we might make it through in a reasonable way. We did not begin 30 years ago. Biofuels are now offically bullshit. Who is going to trade bread for the right to get those cheap lead based toys at Walmart?
I am betting on bread. Besides it takes oil to grow all those bio "fuels."

Finally - the dollar is sinking like the Titanic. Why? By default the dollar is pegged to the price of oil. The less oil ones gets for a dollar, the weaker the dollar is. combine this with the gash in the hull that all those pretend mortgages created since 2001 - and what you have is a "financial" sector in severe flux. But that "financial" sector was always gaming us. The "house" (read Banks) just forgot that the number of suckers was limited. The suckers are leaving the casino without paying their tabs. Probably knowing their winnings were Disney dollars anyway.
This is BUSHENOMICS. Sucker punch the middle class and run for the hills.