'Oh Happy Day'

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.