Jurek
I disagree.. Russia will do very little to intervene as high oil prices benefit them..NATO is impotent and Obama is a Muslim sympathiser..Europe doesn't have the balls to go to war over anyhting...You're also forgetting that if the Muslim Brotherhood makes a move, Iran, will probably start messing around in the Straights of Hormuz thus tying up the U.S Navy.
So there's 2 oil choke points with potential trouble Suez and The Strait of Hormuz. Either one would send oil up but if both are pooched who knows what will happen.
As for CLL if the Middle east goes up in smoke then Oil sands companies should rise in value simply because The sands are the largest reserves in a safe country.