Prometheus 6

In addition to the terrible toll of Americans and Iraqis killed and wounded, the war in Iraq has diverted attention and resources from critical problems here in the U.S., where the housing market has been crippled, the stock market has tanked, gasoline has soared past $4 per gallon, unemployment is increasing and an extraordinary number of debt-ridden working families are staring into a financial abyss.

Even as oil companies are enjoying staggering profits, many Americans — in July! — are already worried sick about the potentially ruinous cost of heating their homes next winter.

‘Oh Happy Day’
By BOB HERBERT

It’s getting harder and harder to remain deluded. With each day comes new facts to drag our heads out of the sand.

Two weeks ago, The Times reported that four Western oil giants were on the verge of signing no-bid contracts that would return them to Iraq, the third-most bountiful petroleum playground on the planet. The deals, expected to be finalized in the next 30 days, were the kind of news that big oil lives for.

Giddy executives singing “Oh Happy Day” could be heard in the corporate offices of Exxon Mobil, Shell, Total and BP, which had been shut out of Iraq for three and a half decades.