Thus The Financial Times today. “Output poised to exceed Saudi levels by this month or next,” elaborates the newspaper. Phew! The so-called shale revolution has changed many things, including world affairs. America has been turning inward ever since George Bush’s departure, but now it is likely to stay that way for good. Isolationism will be the rule once again, and Barack Obama’s successor will have hard times doing anything abroad. The only remaining question is what will happen with the Middle East. Although oil remains a much-coveted commodity, neither Europe nor Asia are likely to intervene in the region’s affairs as vivaciously as America of the Bush era. When it comes to the Middle East, both father and son were most vivacious, indeed. But the Islamic State of Iraq and Syria must be rejoicing at the news about America’s supremacy in oil extraction. The current attacks from the air will soon be history. Why bother, anyway? In addition, Israel is likely to find itself pretty isolated. It, too, rests on oil, albeit in the neighboring countries. Of course, the article has nothing to say about any of this. It is about oil and nothing but oil, as though oil is not at the very foundations of geopolitics for about a century already.