Page added on July 12, 2008
It’s been on the minds of antiwar activists and war critics since 2003. And little wonder. If you don’t remember the pre-invasion of Iraq neocon quip, “Everyone wants to go to Baghdad. Real men want to go to Tehran…” — then take notice. Even before American troops entered Iraq, knocking off Iran was already “Regime Change: The Sequel.” It was always on the Bush agenda and, for a faction of the administration led by Vice President Cheney, it evidently still is.
… Nonetheless, sometimes — as in Iraq — reality has a way of biting back, no matter how mad or how powerful the imperial dreamer. So, let’s consider reality for a moment. When it comes to Iran, reality means oil and natural gas. These days, any twitch of trouble, or potential trouble, affecting the petroleum market, no matter how minor — from Mexico to Nigeria — forces the price of oil another bump higher.
Possessing the world’s second largest reserves of oil and natural gas, Iran is no speed bump on the energy map. The National Security Network, a group of national security experts, estimates that the Bush administration’s policy of bluster, threat, and intermittent low-level actions against Iran has already added a premium of $30-$40 to every $140 barrel of oil. Then there was the one-day $11 spike after Israeli Deputy Prime Minister Shaul Mofaz suggested that an Israeli attack on Iranian nuclear facilities was “unavoidable.”
Given that, let’s imagine, for a moment, what almost any version of an air assault — Israeli, American, or a combination of the two — would be likely to do to the price of oil.
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