The energy, financial and political woes that grip the US signal a decisive shift in world power, mocking the liberal delusion that Barack Obama or John McCain can return American prestige and power to its pre-Bush year 2000 nirvana. There is no such nirvana. There is instead a new reality: the greatest transfer of income in human history, away from energy importers such as the US to energy exporters; the rise of a new breed of wealthy autocracies that cripple US hopes of dominating the global system; and demands on the US to make fresh compromises in a world where power is rapidly being diversified....

Flynt Leverett, former director of Middle East Affairs on the National Security Council, says: "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..." LINK