Brazilian Oil Find Could Dwarf Saudi Deposits

Bloomberg reports on new Brazilian oil finds that could be huge. This and other major finds could offset increased demand by the developing world, bringing prices down. Here is the most interesting part of the story:
Brazil may be pumping ``several million'' barrels of crude daily by 2020, vaulting the nation into the ranks of the world's seven biggest producers, Zeihan said in a telephone interview. The U.S. Navy's presence in the Persian Gulf and adjacent waters would be reduced, leaving the region exposed to more conflict, he said.
``We could see that world becoming a very violent one,'' said Zeihan, former chief of Middle East and East Asia analysis for Strategic Forecasting. ``If the United States isn't getting any crude from the Gulf, what benefit does it have in policing the Gulf anymore? All of the geopolitical flux that wracks that region regularly suddenly isn't our problem.''
What a delightful thought: Being able to turn our backs on that hell on earth known as the Middle East, sleeping peacefully knowing we'll no more have to send our sons and daughters over there. Old Europe might actually have to field a credible military...