A conversation with Michael Klare, author of Rising Powers, Shrinking Planet

The United States remains the world’s sole military superpower, but it is unclear what advantage this offers in a world of shrinking energy supplies and intense competition for what remains of them. … there is an ever-growing danger that the major consuming nations will provoke regional arms races and get drawn into local resource disputes, thus increasing the risk of unintended Great Power-conflicts.

Supply and demand – Apr 14

Saudi King says keeping some oil finds for future
Saudi cuts output

IEA cuts world oil demand growth by most in 7 years
IMF forecasts slow global growth

Oil price defies easy calculation
US State Dept.’s Izzo ‘frightened’ by NOCs