Oil hit $133.00 a barrel today.
The other winners in this folly have been the oil kingdoms that Hussein periodically threatened, led by the Saudi royal family. Seizing the opportunity presented by the 9/11 attacks, Bush knocked off not the Saudis, who had produced Osama bin Laden and fifteen 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?"