Russia, Energy, and the Decline of the US

Now however, this neo-liberal order is under siege by Russia, China, and other countries in the East. The energy-hungry east is starting to go back to the use of long term contracts between suppliers and user countries. Since delivery of this oil is now committed to those countries it has been removed from the spot market. This means that the possibility of rising prices and interrupted supplies increase for those countries like the US who buy their oil, in large part, from the

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