End of an Era
A lengthy but useful summary of everything that's important in the world right now pertaining to the linkages between geopolitics and energy. Must look out for this Dilip Hiro guy's book.
We can now probably add to this list of Bush's errors America's disruption of the world financial system via subprime loans, not to mention high oil prices and a feeble dollar but hey.
Asia Times Online :: Middle East News - US in their sights: The rising powers
...with not even a decade of this century behind us, we are already witnessing the rise of a multipolar world in which new powers are challenging different aspects of US supremacy - Russia and China in the forefront, with regional powers Venezuela and Iran forming the second rank. These emergent powers are primed to erode US hegemony, not confront it, singly or jointly.
How and why has the world evolved in this way so soon? The George W Bush administration's debacle in Iraq is certainly a major factor in this transformation, a classic example of an imperialist power, brimming with hubris, overextending itself...
Yet there are other explanations - unrelated to Washington's glaring misadventures - for the current transformation in international affairs. These include, above all, the tightening market in oil and natural gas, which has enhanced the power of hydrocarbon-rich nations as never before; the rapid economic expansion of the mega-nations China and India; the transformation of China into the globe's leading manufacturing base; and the end of the Anglo-American duopoly in international television news.
