Today oil prices settled at $39.57 a barrel, higher then at any time since Oct. 1990, right after Iraq invaded Kuwait.
The Neocons promised us the war in Iraq would allow the world to tap oil reserves that could rival oil output of Saudi Arabia. An article in the Wall Street Journal underscores that the Neocons have not delivered on their promises:
"The rise in oil prices also poses a political risk for President Bush, whose re-election campaign is suffering from public doubts about Iraq and the economy. ... One implicit advantage offered by backers of the war was the promise of cheaper oil, as more Iraqi supply came on line and the wider Middle East became more stable and friendly to the U.S. Costlier energy could be seen as another failure--in addition to the continuing violence--of that venture."
Note the use of the word "venture," with its associative baggage of failure, predicament and needlessness.
WSJ, May 5, 2004, A1.
And a front pager, to boot.