Michael Klare’s

Rising Powers, Shrinking Planet:
How Scarce Energy is Creating a New World Order

The dust jacket of this book proclaims that “the price of oil has doubled in less than two years. And it is still rising”. Not now it isn’t.

In early 2008, US investment bank Goldman Sachs, at that time seemingly lording it over the financial world, predicted that the price of oil could reach $200 (£136) a barrel. But today, the firm has been humbled and the price per barrel tumbled below $40 by the end of 2008.