By Kevin Phillips
From America's optimum political analyst, an explosive exam of the axis of faith, politics, and borrowed funds that threatens to smash the kingdom In his most modern manhattan instances bestselling books, American Dynasty and Wealth and Democracy, Kevin Phillips proven himself as a strong critic of the political and monetary forces which are ruling-and imperiling-the usa. Now, Phillips takes an uncompromising view of the political coalition, led via radical faith, that's riding the United States to the edge of catastrophe. From historic Rome to the British Empire, Phillips demonstrates that each global- dominating energy has been introduced down through a comparable set of reasons: a deadly mix of world over- succeed in, militant faith, source difficulties, and ballooning debt. it really is this related axis of ills that has come to outline America's political and monetary identification some time past decade. army miscalculations within the heart East, the surge of fundamentalist faith, the outstanding nationwide debt, the prices of U.S. oil dependence-together those components are undermining our nation's safety, solvency, and status on the earth. If left unchecked, a similar forces will carry a debt- bloated, preachy, energy-starved the US to its knees. With an eye fixed at the previous and a searing imaginative and prescient of the longer term, Phillips has written a booklet that no American can have the funds for to disregard. compliment for Kevin Phillips and American Dynasty: "[Phillips] is a deep philosopher extraordinaire, who does a masterful activity of connecting the army- commercial dots. . . . A searing indictment of the Bush Dynasty." -Douglas Brinkley, mom Jones "Devastating . . . an immense, troubling publication that are meant to be learn in every single place with care, nowhere extra so than during this city." -Jonathan Yardley, The Washington publish publication global
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Additional resources for American Theocracy: The Peril and Politics of Radical Religion, Oil, and Borrowed Money in the 21st Century
Electricity supply and power grid, serious as it is, can be put to one side as we concentrate on the aging of the American oil culture; electricity is small stuff next to transportation. Cars and trucks bum an overwhelming two out of every three barrels of oil used in the United States. Airplanes use another 10 percent. Power plants, by contrast, are only minor oil burners, as of 1998 being 56 percent coal fired, 21 percent nuclear driven, 10 percent gas burning, and 10 percent hydroelectric. 64 The critical yardstick of an adequate US.
Few other Republican politicians could say the same. The Politics of American Oil Dependence 39 Some background is in order. In 1903 California overtook Texas as the nation's leading oil producer, and it was to do so again several times during the 1910s and the 1920s. In 1919 Nixon's father, Frank, left his unsuccessful lemon grove and for several years worked as a roustabout for Union Oil. In 1921 Union struck the huge Santa Fe Springs find near the Nixon family homes in Yorba Linda and later Whittier.
Experts saw only a few options. The majors could tilt more toward natural gas, made easier because overseas gas producers had no OPEC-type quotas to constrain output. S. invasion left Iraq's oil production in disarray from disrepair and insurgent attacks, ExxonMobil and Chevron had both smacked their lips over sharing access. ExxonMobil, foreign observers reported, hoped to get the Majnoon field, with its twenty to twenty-five billion barrels. 58 As early as 1995, The Wall StreetJournal reported a consensus that Iraq, with its huge resources and very low production costs, was "the biggie" in terms of future production and oiHirm global pecking order.