Today, if there was an Arab embargo on, say, the UK, they would switch distibution and bring oil from another spot to the UK and re-route Arab oil elsewhere.
The US vulnerability is to price, not supply.
Today, if there was an Arab embargo on, say, the UK, they would switch distibution and bring oil from another spot to the UK and re-route Arab oil elsewhere.
The US vulnerability is to price, not supply.