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Bush not the only problem : Comments
By Owen Harries, published 26/10/2007From global hegemony at the turn of the millennium, the US and the American people are now experiencing a crisis of confidence.
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The power of the USA was built upon its huge resource base - especially in energy. In the early 1970's, the USA was the biggest oil producer in the world by far (double that of Saudi Arabia). Then their oil supply began to dwindle and the last four decades have, for them, been about keeping control of the oil flow - with the major world source being in the Middle East.
As we pass the world's peak of oil production (about now) we need to look where the largest sources remain - the Middle East and Russia. The USA will probably ultimately fail to maintain control in the Gulf - although in the process of trying they may mess up the area so badly that the region will not be much use to anyone else (e.g. by attacking Iran which looks increasingly likely). The future world leader will be Russia. They have some oil and the weapons to protect it. (Putin has studied the oil industry closely during his time in the KGB.) Europe is already discoving this inconvenient fact. China will be a player to the extent that they can lock in their future energy supplies and protect them but they will play second fiddle to Russia - for as long as Russia has the most secure reserves.
Leadership requires energy - the USA's time has now passed with the depletion of its internal reserves and the loss of control over other nations'.