Krauthammer's Take on Alliances

He's right, if somewhat overly simplistic, to highlight the need for new alliances where policy interests converge. France is a has-been in world affairs and their credibility continues to decline. They are faced with a large Muslim population and no oil reserves of their own, so it's no surprise that Chirac takes the position against war with Iraq, one of his large trading partners. I wonder if anyone knows how much Iraqi illegal oil winds up in France, given their significant ownership in Iraqi oil fields?