Winning the Oil Endgame, by Fareed Zakaria

Khaleej Times

Latin America: After two decades of political and economic progress in Latin America, we are watching a serious anti-American movement gain ground. Hugo Chavez in Venezuela — emboldened by his rising oil wealth — was the first in recent years to rebel against American influence, but similar sentiments are beginning to be heard in other countries, from Ecuador to Bolivia.

I could go on, from Central Asia to Nigeria. In almost every region, efforts to produce a more stable, peaceful and open world order are being compromised and complicated by high oil prices. And while America spends enormous time, money and effort dealing with the symptoms of this problem, we are actively fuelling the cause.