Wednesday, May 21, 2008

I'm Paying For This War At The Pump

I just paid $3.89/gal for regular gas at Costco which is generally at least 10-12 cents lower than most other stations. It's inching towards the $4.00 mark and has been rising each week for the past few months. Needless to say, I am not a happy camper since I drive 30+ miles to work each way - each day. This war was supposed to pay for itself. Instead, I'm paying for it at the pump.
The other winners in this folly have been the oil kingdoms that Hussein periodically threatened, led by the Saudi royal family. Seizing upon the opportunity presented by the 9/11 attacks, Bush knocked off not the Saudis, who had produced Osama bin Laden and 15 of his hijacker minions, but rather the royal family's sworn enemy in Iraq, who had absolutely nothing do with 9/11.

And how did the Saudis thank us? Just check the price of oil, which has increased more than sixfold since 9/11. On Friday, Bush went to dine at Saudi King Abdullah's bizarrely opulent horse farm and pleaded for an increase in oil production, but to no avail. Bush received the same rebuff in April 2005, when oil was selling for $54 a barrel. On Tuesday, it sold for $129, and the price rise is a good measure of Saudi gratitude for the Bush family's unwavering support over past decades. Saudi Arabia's oil minister, Ali al-Naimi, couldn't have been more condescending when he turned down Bush's request with the observation that "presidents and kings have every right, every privilege, to comment or ask or say whatever they want." He added at a press conference, "How much does Saudi Arabia need to do to satisfy people who are questioning our oil practices and policies?"

Enough to get the price back down to where it was when we saved your sorry oil-well excuse for a country, you ingrate, Bush might have retorted. But our bold leader was too polite for anything like that. "He didn't punch any tables or shout at anybody," said Saudi Foreign Minister Saud al-Faisal. "I think he was satisfied." Why? Instead of pointing out that the Saudis could easily open their spigots in gratitude for our keeping them in power, the president threatened the Saudi king not with an invasion but with a U.S. recession. "My point to His Majesty," Bush warned in an interview with The New York Times before encountering the great man himself, "is going to be, when consumers have less purchasing power because of high prices of gasoline -- in other words, when it affects their families, it could cause this economy to slow down. If the economy slows down, there will be less barrels of oil purchased."

He'll show them -- we'll have a recession, our families will suffer and, boy, will the Saudis be sorry. A regular Teddy Roosevelt. There is no better measure of the failure of Bush's foreign policy than that, five years after we conquered the second-most important pool of oil in the world, the American taxpayers who paid for this grand imperial adventure are rewarded with skyrocketing prices at the pump.

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