There are some definite "benefits" including: (1) America will become poorer and therefor have less wealth to squander on invading the rest of the world.
(2) America and the rest of the world will just have to use less oil. This means less CO2 emmissions. Humankind will get some relief from global warming. (3) The world will finally be incentivised to develop alternate technologies which have been postponed for too long due to dirt cheap oil which just 7 odd years ago was below $ 20. After all,t oil production has peaked and the world will run out of oil in less than 100 years - maybe in 50 or 75 years. Oil at $ 200? Yes...bring it on. Ralph Rau Dubai
