An oil-addicted ex-superpower

Michael T. Klare writes in Asia Times Online, of the demise of the US as the world's only remaining superpower, due to the ridiculously high price of oil. Klare paints a picture of America's economic and military might that is heavily dependent on cheap and abundant oil, and suggests that America's oil addiction is spelling its doom. It's an interesting read, but I don't buy it. What Klare fails to point out is that America's adventure in the Middle East has the stench of colonialism -- and rather than the demise of a superpower, it may actually spell the resurgence of the good ole days.

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