The US shale oil boom has made a Middle East war less likely

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It looks like the decade-old U.S. shale oil boom may keep us out of war.

Recall that when Iraqi President Saddam Hussein invaded neighboring Kuwait in August 1990, then-President George H.W. Bush led a coalition of countries against Iraq — though it was mostly a U.S. effort. The aerial attack began in January 1991, and Kuwait was quickly liberated.

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