Oil Dependence As Virtue

In short, a world that doesn't need oil may also be a world that doesn't need the United States.

Issue: Nov-Dec 2008

AS THE strategic and economic value of oil skyrocketed during the first half of this year, many experts declared that the global distribution of power is rapidly shifting to oil exporters-specifically, Russia and the members of the Organization of the Petroleum Exporting Countries (OPEC). This belief has led to a lot of talk about the rise of "authoritarian capitalist" great powers and "the return of history."

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