The starting point for understanding the deterioration in the relationship between the U.S. and Russia lies in Washington rather than Moscow. After 1989, Russia was a defeated power. Despite the fine words and some limited gestures, the Americans have treated it like one. Their policy has been one of encirclement.

Always beware your moment of triumphalism: such emotions are a poor steer on the future.

The world is fortunate - for the time being, at least - that it has an American president in Obama who is prepared to take a conciliatory and concessive attitude towards America's decline and that it has a Chinese leadership which has been extremely cautious about expressing an opinion, let alone flexing its muscles.

Now, I know it's a widespread assumption in the West that as countries modernize, they also westernize. This is an illusion. It's an assumption that modernity is a product simply of competition, markets and technology. It is not. It is also shaped equally by history and culture. China is not like the West, and it will not become like the West.

The tax code is not the only area where the administration is helping the rich get richer and the poor get poorer. It has spent $155 billion for an unnecessary war driven by fear.

It is a historical fact that President Bush pushed this nation into a war that had little to do with apprehending terrorists. We did not seek an impeachment of President Bush because, as an executive, he had his authority.

My accent does slip. When I arrived in England in 1978 at 18, I was shocked to find myself 'the American' at RADA. The English and the Americans have an intense relationship. They helped us out in the Second World War.

As I explain at some length in my book 'Energy Victory,' during World War II, the American strength in oil production was a decisive advantage for the Allies. Airplanes, ships, and tanks all ran on oil, and we controlled the supply.