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Racer JohnPhilip (jinrakka)
Race Number 2367
Date Tue, 31 Jan 2012 14:02:37 +0000
Speed 106 WPM Try to beat?
Accuracy 97.3%
Rank 1st place (out of 2)
Opponents insensus (2nd place)

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Prior to the 1970's, because the United States had long been the world's number one producer of petroleum, American companies determined the global price of oil. In 1972, domestic oil production peaked and then began its inexorable, irreversible decline. The year before, the prerogative of setting the price of crude oil had passed into the hands of a new producer group, the Organization of the Petroleum Exporting Countries.
The Limits of Power: The End of American Exceptionalism (book) by Andrew Bacevich (see stats)