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<<The reaction of rest of the world to Bush's rejection of Kyoto in addition to the new US fuel policy has a lot to do with the fact that the US has only 4% of the world's population but contributes just under a quarter of the worlds air pollution.>>

Don't you mean the reaction of Europe?? Thankfully, the rest of the world is a little more rational and sane. Yes, the U.S. does contribute (what some people see as) more than their fair share of "air pollution." But why is that? Could it be that U.S. standard of living is so much higher than the rest of the world (meaning that the U.S. demands more energy to run its many gadgits)? Could it be that the goods produced by American companies are the highest quality goods in the world?

IMHO, this whole "European boycott" boils down to the fact that Europeans are jealous of Americans. Why else would millions of people try to immigrate to the U.S. each year? Why else would U.S. colleges and hospitals draw the praise and dollars of people all over the world? Why else would every country in the world want a piece of the U.S. market and U.S. goods?

What we are seeing in Europe today is the result of ignorance. It's that simple. Political commentator H. L. Mencken explained today's hype: "The whole aim of practical politics is to keep the populace alarmed, and hence clamorous to be led to safety, by menacing it with an endless series of hobgoblins, all of them imaginary." With many European countries being socialistic in nature (just a jump-skip-and-hop away from communism), none of these current events should surprise any of us.

Long on XOM,
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