Developereo
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You are right. Ron Paul's isolationist policies will not curry favor with majority of the US citizens (although his other libertarian views are in much accordance with actual GOP principles, but then....) no to mention with other allies, NATO countries and even the foes.
That's a common misunderstanding. Ron Paul is not isolationist in that sense. What he says is that 'allies' should pull their own weight. Germany has a powerhouse economy. Japan has the second largest economy. Why is the US taxpayer paying for their defence needs? The US is still mired in the post-WW2 mindset. The world has changed, and US needs to get with the times.
As for the Persian Gulf and the blue navy in general, the US isn't there to keep the sea lanes open; it is there to control them and to project power. Briefly, the US is there precisely because China gets its oil from there.