Kelly McParland picks up on the IAE report that forecasts American energy abundance in the near future and sketches out the ramifications:
The obvious first reaction would be an immense wave of relief. No more dependence on the Middle East? Great. No more wars over oil; no more catering to unstable autocracies run by corrupt sheiks with their army of princes and princelings. No more need to wonder what happens if some insurgent group of religious fanatics gains control over vital shipping lanes and shuts off the energy flow. No more oil wells blazing in the desert because one murderous dictator or another doesn’t want to give up his job.
True. So what’s it all mean? The fall of the Berlin Wall and the collapse of Soviet communism produced prophecies of halcyon days, as the world’s sole remaining superpower, the U.S., held sway over a suddenly less-threatening world. Except it didn’t quite work out like that.
Actually, it worked out rather well for Europe - the center of gravity during the Cold War. It went from being the potential locus of World War III to being peaceful (with the exception of Bosnia) and relatively stable. It's also led to a slow reduction in U.S. troops in the region - a reduction which could very easily be accelerated based on Europe's overall wealth, stability and ability to defend itself from what meager threats it does face.
A similar thing won't exactly happen in the Mideast - if the U.S. were to withdraw from the Mideast as its own production ramps up, it won't be leaving behind a peaceful and prosperous region. But with ample energy production occurring in multiple regions beyond the Middle East, America's fundamental security needs will be met. What more is there to do?