This is actually very scarey. From an endtime prophecy and a world economic point. From the endtime prophecy, Iran and Russia could be the Mog and Mogog of the invading armies. I see this as a retaliation of the two against the US. A lot of dominos could fall. With the rise of the economies of India and China, OPEC isn't as concerned with the US and European markets.
I see from an economic view, this would/will be very damaging to the US economy. I wonder what effects this will have on the World economy? Many love to sell to the US, but protect their own markets. If the US doesn't have the economic means to purchase foriegn goods, do they go under too.
China looks good at the moment. The little Tigers like Singpore, Indonesia etc. looked good in the mid 90's. Is China built on a house of cards? Can they take any economic hit? THe US has take many hits over the past 40 or more years and comes back stronger. Still looks ugly, unless someone has an answer for the energy equation.

Tom