''Peak Oil, Petrocurrencies and the Emerging Multi-Polar World''

By William Clark
From 2006

''The hypothesis outlined in my book, Petrodollar Warfare; Oil, Iraq and the Future of the Dollar,

is that the geopolitical landscape of this century is increasingly being driven by escalating competition for energy supplies before global oil production peaks, and the erosion of dollar hegemony and emergence of new petrocurrency alignments.[3]

The tragic war in Iraq is in many ways the first oil-depletion and oil-currency war of the 21st century. 

This essay explores disparate energy and economic alignments that are poised to produce a multi-polar world order manifestly different from the post-World War II era (i.e., bi-polar Cold War period followed by a uni-polar world order). What is not yet clear is whether today’s unfolding energy,geopolitical, and macroeconomic alignments will ultimately produce a tri-polar distribution of global power or perhaps a quadri-polar world order. This deduction is based on multiple dynamics in the global political economy that are still somewhat fluid — but the underlying fissures are growing.''

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