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Does the U.S. need Bahrain to protect oil?

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Mark Thompson notes that unrest in Bahrain has some major strategic consequences for America's forward deployments in the Middle East:

The home of the U.S. Navy's 5th Fleet -- and a recently-launched $580 million U.S. expansion effort slated to double the U.S. Navy's acreage there -- could be in jeopardy if Bahrain's monarchy falls....

The (Iran-friendly) Shiite majority, which accounts for almost 70% of the population, wants the (Saudi-friendly) king, Sheik Hamid bin Isa al-Khalifa, to rewrite the constitution to give Shiites more power and opportunity, while also seeking investigations into allegations of torture and corruption (sound familiar?).

The downside to all this unpleasantness is that Bahrain is the U.S.'s most important post in the Persian Gulf. It's ground zero when it comes to monitoring the oil flow -- nearly one gallon of every five used worldwide -- down the gulf and through the narrow Strait of Hormuz. It's also a key base from which to eyeball Iran on the other side of the gulf.

Fortunately, just when the entire Middle East seems to be fracturing under Uncle Sam's feet, Jeremy Khan writes in the Boston Globe that the basic strategic consideration supporting America's Middle East policy - the defense of oil supplies to global markets - is mostly unnecessary in the first place, given that 'oil shocks' are largely a myth and don't do nearly as much damage to the U.S. economy as is casually presumed.

That said, it's highly unlikely that anyone in Washington is going to be receptive to the argument that the U.S. doesn't have to station large numbers of U.S. troops in the region to defend the free flow of oil.

(AP Photo)