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  Bush Leverage With Russia, Iran, China Falls as Oil Prices Rise
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ContributorRP 
Last EditedRP  May 01, 2006 01:53pm
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CategoryAnalysis
News DateMonday, May 1, 2006 07:00:00 PM UTC0:0
DescriptionPresident George W. Bush, already weakened at home by the soaring cost of oil, is finding that it's also eroding his ability to achieve his foreign-policy goals.

"It's a geopolitical nightmare," says William Cohen, a former Republican senator from Maine and defense secretary under President Bill Clinton who is now chairman of the Cohen Group, a Washington-based consulting firm. Such nations as Iran, Russia and China "don't see us as the colossus that can cause them any harm, either by our economy or by our prestige."

Record-high energy prices are weakening Bush's prospects of assembling an international coalition to counter Iran's nuclear ambitions. They are diminishing his chances of influencing energy-rich nations such as Russia and isolating troublesome ones including Venezuela and Sudan. And they are straining U.S. economic and diplomatic ties with China, whose oil needs are skyrocketing.
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