Global Realignment and the Decline of the Superpower

MIKE WHITNEY

The United States has been defeated in Iraq. That doesn’t mean that there’ll be a troop withdrawal anytime soon, but it does mean that there’s no chance of achieving the mission’s political objectives. Iraq will not be a democracy, reconstruction will be minimal, and the security situation will continue to deteriorate into the foreseeable future. The real goals of the invasion are equally unachievable. While the US has established a number of military bases at the heart of the world’s energy-center; oil output has dwindled to 1.6 million barrels per day, nearly half of post-war production. More importantly, the administration has no clear strategy for protecting pipelines, oil tankers and major facilities. Oil production will be spotty for years to come even if security improves...

continua / continued