“The international economic position of the United States has deteriorated substantially since the new millennium. The big trends in global finance and energy markets are working against the US. There isn’t any solving this problem in terms of making it go away. These are ongoing realities. The energy picture is not going to change: it is here to stay.”
– Flynt Leverett (former director of Middle East Affairs on the National Security Council, 16 Jun 2008 )
This weekend, Peter Kelly, the Editor-at-large of The Australian picked up the current energy, economical and politicial woes that affecting the US. In his article, he wrote about the passing of American prestige and power, last seen during the pre-Bush years. In the second part of the article, he discussed about the new power structure and dynamics under the current geopolitical climate. This sentiment is also shared in an article published in the Jul/Aug 08 edition of the Foreign Affairs by the Secretary of State, Dr Condoleeza Rice.