An intelligence forecast being prepared for the next president on future global risks envisions a steady decline in U.S. dominance in the coming decades, as the world is reshaped by globalization, battered by climate change, and destabilized by regional upheavals over shortages of food, water and energy.

The report, previewed in a speech by Thomas Fingar, the U.S. intelligence community’s top analyst, also concludes that the one key area of continued U.S. superiority – military power – will “be the least significant” asset in the increasingly competitive world of the future, because “nobody is going to attack us with massive conventional force.”

In a release Thursday, House Judiciary Committee Chairman John Conyers (D-MI) announced he will hold a hearing July 25 examining “the imperial presidency of George W. Bush and possible legal responses.”

The word “impeachment” was not mentioned in the announcement, but it appears the hearing is going to examine issues raised by Rep. Dennis Kucinich (D-OH) in his resolution to impeach Bush.

“Over the last seven plus years, there have been numerous credible allegations of serious misconduct by officials in the Bush Administration,” Conyers said in a news release.

The American colonel, troubled by what he was hearing, tried to stall at first. But the declassified record shows he finally told his South Korean counterpart it “would be permitted” to machine-gun 3,500 political prisoners, to keep them from joining approaching enemy forces.

In the early days of the Korean War, other American officers observed, photographed and confidentially reported on such wholesale executions by their South Korean ally, a secretive slaughter believed to have killed 100,000 or more leftists and supposed sympathizers, usually without charge or trial, in a few weeks in mid-1950.

The Army general who led the investigation into prisoner abuse at Iraq’s Abu Ghraib prison accused the Bush administration Wednesday of committing “war crimes” and called for those responsible to be held to account.

“After years of disclosures by government investigations, media accounts and reports from human rights organizations, there is no longer any doubt as to whether the current administration has committed war crimes,” Taguba wrote. “The only question that remains to be answered is whether those who ordered the use of torture will be held to account.”

If it wasn’t clear before it should be now: the Bush Administration can’t afford to attack Iran. With gas already at $4 a gallon and rising almost every day, Iran figuratively and literally has the United States over a barrel. As much as the Administration is tempted, it is not about to test Iran’s promise to “explode” the Middle East if it is attacked.

The Iranians haven’t been shy about making clear what’s at stake. If the U.S. or Israel so much as drops a bomb on one of its reactors or its military training camps, Iran will shut down Gulf oil exports by launching a barrage of Chinese Silkworm missiles on tankers in the Strait of Hormuz and Arab oil facilities. In the worst case scenario, seventeen million barrels of oil would come off world markets.