Tuesday, June 28, 2005
June 28, 2005
Last Friday, the price of light sweet crude oil on the New York Mercantile Exchange for August delivery closed 16 cents short of $60/barrel – the highest price ever and an ironic outcome for the millions of Americans who believe that cheap oil was the reason for Bush's invasion of Iraq.
Equally shocking to Americans was the announcement that China has outbid U.S. oil giant Chevron for the American oil company Unocal.
Polls showing that a majority of Europeans have a higher opinion of China than of the U.S.
were another blow to the pumped-up self-esteem of Americans, deluded as they are by Bush administration hubris and claims of American "exceptionalism."
The decline in economic and diplomatic standing that Americans have suffered under Bush is exceptional. How much longer will Americans support the incompetent Bush administration that is driving them and their country's reputation into the ground? [ANTIWAR.COM]