The United States no longer dominates the global energy industry, having been overtaken by the main challengers to U.S. economic power. A new study by investment bank Goldman Sachs reports that Brazil, Russia, India and China—which combined are known as the brics—along with Europe now dominate the global resource industry. Moreover, this same trend is spreading to other industries, and gathering speed.

At the time the first Gulf War ended in 1991, according to the Goldman Sachs study, 55 percent of the 20 largest companies in the energy industry were American, and 45 percent European.

Since then, there has been a sea change: Today, 35 percent of the 20 largest energy companies are from bric countries and 35 percent are European; American companies now make up just 30 percent.

“The U.S. is now lagging with the smallest percentage number of energy companies worldwide,” said Anthony Ling, a managing director at Goldman Sachs.

In just 15 years, the U.S. has almost halved its share of ownership of the world’s largest energy companies. And, says Ling, this trend “is simply accelerating.”

Speaking at a news conference Monday, Ling, who has analyzed the energy industry for the past two decades, explained how the global resource industry is a leader in terms of global trends—an indicator of how other industries will perform in the future. Citing the mining, insurance and consumer-related industries as examples of areas of diminishing U.S. influence, Ling stated, “We believe this sort of pattern will be repeated industry by industry.”

Ling said the U.S. energy industry is “falling dramatically behind the rest of the world” for several reasons. Firstly, new energy projects are being snapped up by Continental European and bric countries rather than “the more traditional-based players in the Anglo-American world.” In addition, Ling said, there has been “a conspicuous bout of acquisition, and many of the American companies have been acquired.” Another factor Ling mentioned is the declining number of petroleum engineers in the U.S. compared to other countries.

These are all trends theTrumpet.com has been watching—and all trends that point to the fulfillment of Bible prophecy, prophecy that foretells the demise of the United States and Britain and the rise to world power of Asia and Europe.

The loss of American dominance in global industries, particularly strategically vital industries such as energy, will yet have massive economic, geopolitical and ultimately military consequences for the U.S.—for America is becoming a superpower under siege.