One of several reasons for America’s economic leverage is that it sits at the epicenter of the global financial system. The dollar is a reserve currency. Global trade is preponderantly carried out in dollars. Oil is priced in dollars.
Today, every projection of India’s energy future draws the same broad conclusion: energy demand will move on an upward curve, indigenous supplies will fail to keep pace, energy imports will rise, and the environment will face increasing stress.
The Cortez resolution may eventually end up in the archives like so many other resolutions on the same subject but, today at least, it has to be credited for bringing global warming into the US national conversation.