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Wednesday, May 14, 2014

The US as the Resource Hegemon

The rise of domestic oil production promises to give the US Saudi-like powers in its ability to control world oil prices.  That, coupled with our dominant position in finance and in food production, can gives the US powerful leverage in world affairs.  Just from this perspective, we have nothing to fear from "the rise of Russia."  Dr. Gary Busch analyzes the power gap between the two countries here:

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