Arab Revolts: Israel and U.S are the Losers

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The biggest potential losers in the still-roiling revolutions of the Middle East and North Africa are the people themselves. Many are democrats at high risk of being overwhelmed over time by new dictators and organized religious extremists. But the uncontested winners are already quite clear: those who own, sell, and bet on oil. In the last month alone, oil prices have leaped almost 10 percent, even with only tiny dips in supply.Libyan anti-government demonstrators step on a poster of Muammar Ga...