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I love to read articles such as this one, because they represent the kind of dynamic that I built my education around. The confluence of energy, sepecifically oil, and international political science, is THE defining paradigm of our times.
American non-involvement in the global south is simply not possible. The neocons who currently dictate policy are well documented as putting forth the concept of "seizing the unipolarity moment" or, projecting force to ensure protection of American interests abroad while we are militarily dominant.
Whether or not you agree with them is irrelevant, because American business agrees with them, overwhelmingly.
That being said, the real issue is that the other developed nations of the global north will not sit idly by as the US breaks the pax of sovereignty and gobbles up the oil-rich regions as protectorates. Never mind the strife and conflict within the regions we get involved in; the balance of power will shift away from us as other developed nations group together to offset our advantage.
While there is clearly no one nation that can yet challenge American preponderance of power (economically or militarily) American policymakers have ignored the history of the system of alliances that always arises in reaction to hegemony. Other countries cannot sit by as their lifeblood (oil) is taken over by just one nation, which holds both economic and military dominance in its grasp. In effect, the American "colonization" or "imperialism" (whichever term smacks the least of leftist conspiracy theory to you)will ignite another world war, and this is the true, imminent spectre of the energy crunch.
That's my analysis, anyway.
However, in my studies I have never seen any precedent for sustained meaningful cooperation and have seen thousands of examples of agressive responses to resource crises, in both politics and nature. Political science is even defined as the science of resource allocation!
I would like to think that being human offers us a choice, but the exploitation of advantage is an impulse felt by every living creature on earth.
In fact, barring a dictatorship, it seems possible (albeit small) that the US will devolve into smaller "countries" built from states that share an area of interest. We are already seeing states joining together in lawsuits against the Feds.
GOM area frustration with the federal government is growing.
Sometimes I think Iran's pres. and Chavez are competing to see who can rattle Bush the most. And with the US's relations with Russia suddenly turning frosty (thanks to Dick Cheney and his big mouth), there's another "interesting" country in the mix. Of course, China has a big pile of our debt, but Japan owns about 2.5X as much of our paper as does China, which gives them a terrifying amount of leverage if they should decide to take offense at the US using a nuclear bunker buster or three in Iran. (Japan, of all countries that would be third-parties to such a war, is uniquely placed in history to take deep offense at such an insane move.)
The next few years on the international front will be a lot of things, but dull ain't on the list.
So in order to appease you, lets say, again - for the sake of the argument, that "american business" means "international corporate lobbies in the United States". I'm pretty sure most knew what I meant, anyway. Unfortunately, there is no way around shorthand when describing something like I did, because almost every phrase can be magnified until it is incomprehensible.
International businesses are primarily concerned with short-term profits anyway, and majors realize that the US is their biggest market, so to identify them as "american businesses" or "american business interests (perhaps the preferred term)" within the confines of my statement isn't such a big leap.
I find this a frankly astonishing postulate. Where's the evidence?
Is it the economic stimulation due to huge military and reconstruction spending that you are talking about? Specific business opportunities aside (Blackwater, Halliburton...), I would expect rational economic actors to abhor the type of disruption, uncertainty and danger engendered by such adventures.
Or are you talking about sale of consumer goods to Iraq? (previously hampered by UN sanctions, which could have been dropped without a war...) I am not aware of specific trade barriers hampering companies wishing to sell stuff in Venezuela ?
Or when you talk about "impenetrable markets", are you talking about state ownership of such assets as oil, water, electricity distribution?
Saw this quote that looked like a Freudian slip to me:
"To become energy independent and no longer rely on foreign oil would be like depriving Dracula of his blood supply: he would shrivel up and die."
- Cal Thomas (conservative columnist), 20 April 2006.
I've posted here an out-of-context snippet, what I think he meant was that the oil-exporting countries (that support Islam and terrorism, he says) will "shrivel up"... But to me it read like this: if the US would try to live without imported oil it would shrivel up, since we're as addicted as Dracula. No wonder we're afraid of the sunlight of truth.