The Commoditization of Oil
When was the last time you thought or worried about the price of aluminum? How about copper? Nickel? Lead? How about cattle, coffee, or cocoa? Wheat? Corn?
All of this stuff is important in our daily lives and in world commerce. But unless you are a commodities trader, their prices are not of much concern to you. One principal reason they are not is that they are plain and simple commodities. Their prices and markets are not politicized.
Thus the single greatest impact of America's victory in Iraq will be the commoditization of oil and the end of its politicization.