Power Flows to the Oil States

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The specific global and national impacts will depend on how the oil windfall is either saved or spent. And as the outlook on prices shifts with more and more analysts predicting that prices will stay high for the foreseeable future oil-producing nations are becoming increasingly willing to invest longer term and to spend. That's largely good news for the oil importers. Even more than in previous oil-price shocks, the fallout in oil-importing countries has been significantly reduced by the recycling of petrodollars. OPEC, Russia and other oil exporters, including smaller nations of Latin America and Africa, are buying more luxury goods and modern factory equipment from Europe and especially Germany, as well as more Treasury bonds from the United States, helping to keep U.S. interest rates down.
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Too bad the United Confederate States of Amerikkka doesn't really have anything left to export but WEAPONS and WAR, and maybe some diseases.
We've been the world's arms dealer for decades, which may be part of why we create armed conflict in the world as often as possible.