Within only a few years, OPEC countries will have control over virtually all of the exportable surplus oil in the world (with the exception of Russia's petroleum, the production of which may reach a second peak in 2010, following an initial peak that precipitated the collapse of the USSR). The US -- whose global hegemony has seemed so complete for the past decade -- will suffer an increasing decline in global influence, which no amount of saber rattling or bombing of "terrorist" countries will be able to reverse. Awash in debt, dependent on imports, mired in corruption, its military increasingly overextended, the US is well into its imperial twilight years.
The Party's Over: Oil, War and the Fate of Industrial Societies by Richard Heinberg
