A few points
Wasn't so long ago that there were plans to trade oil in the Euro, which was also vaguely heralded as the end of the world. I don't think it'll be a great shift of power; there's oil coming out of Africa too and if the big nations put pressure on the oil companies to sort their shit out down there they could have removed themselves from the middle east a long time ago.
Anyway let's talk more of America's coming oil independence and it's influence on the Middle East.
I don't think it's going to be a good thing for us Europeans.
We're going to have to deal with this mess on our own.
The old oil/middle east thing is very 90s. I don't think it's as critical for policy as it once was. Natural gas is probably a bigger headache for Amercica than oil these days.
The Iraq war happened this century. Some say the first oil war.
Have you heard of Shale gas?
That is all.
Come and get it cumslingers!