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Oil definately is power. i think we are a long way off from the fusion powered world we would all like. And even then, what does the middle east have to fear? Even if we discoverted a viable, inexpensive inexhaustable power supply tomorrow, theose types of things require a very important product to work:
Plastic. And corn based polymers arent exactly catching on like wildfire yet. And even if those two things came to pass TOMORROW, i garuntee you they would STILL have something of value:
Sand. We are still using silicon chips, and EVEN IF we stopped using them, everything will be (most likely) running on fiver optics and stored in holographic drives or somethign similar, still requiring sand. Which they have a lot of (unfortunately for them, so does everyone else. but everyone seems to have oil too.)
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