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I was using the original poster's term for DLC.
In terms of demand destruction to 10bbl. Like Bear Stearns, oil is too important too fail. So we will wrap ourselves around supporting the price of oil, in dollars that are falling a long way against whatever the new currency of marque will be.
Japan had neither oil or coal, and we blockaded them over China. Result. Pearl Harbor. If conflict obstructs the straights of Hormuz, someone will get nuked in short order. General draft, no problem.
I think there is an odds on chance this all ends with a command economy, a sort of war capitalism like the Soviet war communism of the 40s. That is because we are a war machine in all the important ways, and war runs on oil.
The Vietnam war was a sham in our endless war against communism. Because it had no real cause, save perhaps Allen Dullas, it could not have been prevented, because after the Bay of Pigs, we could not back down.
We have crossed all the lines save the last two in our war on terrah, A&B, we already have used C. We are the leader of the free world gone rogue.
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