by Thomas Friedman – New York Times
It is hard to remember a time when more shifts in the global balance of power are happening at once — with so few in America’s favor.
There has been much debate in this campaign about which of our enemies the next US president should deign to talk to. The real story, the next president may discover, though, is how few countries are waiting around for us to call. It is hard to remember a time when more shifts in the global balance of power are happening at once — with so few in America’s favor.
Let’s start with the most profound one: More and more, I am convinced that the big foreign policy failure that will be pinned on this administration is not the failure to make Iraq work, as devastating as that has been. It will be one with much broader balance-of-power implications — the failure after 9/11 to put in place an effective energy policy.
It baffles me that President Bush would rather go to Saudi Arabia twice in four months and beg the Saudi king for an oil price break
The failure of Mr. Bush to fully mobilize the most powerful innovation engine in the world — the US economy — to produce a scalable alternative to oil has helped to fuel the rise of a collection of petro-authoritarian states — from Russia to Venezuela to Iran — that are reshaping global politics in their own image.
If this huge transfer of wealth to the petro-authoritarians continues, power will follow. According to Congressional testimony Wednesday by the energy expert Gal Luft, with oil at $200 a barrel, OPEC could “potentially buy Bank of America in one month worth of production, Apple computers in a week and General Motors in just 3 days.”
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