or "Reality Bites Back."
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. When asked recently by Brian Williams on NBC Nightly News about the effects of an Israeli attack on Iran, correspondent Richard Engel responded: "I asked an oil analyst that very question. He said, 'The price of a barrel of oil? Name your price: $300, $400 a barrel.'" Former CIA official Robert Baer suggested in Time Magazine that such an attack would translate into $12 gas at the pump. ("One oil speculator told me that oil would hit $200 a barrel within minutes.")
Those kinds of price leaps could take place in the panic that preceded any Iranian response. But, of course, the Iranians, no matter how badly hit, would be certain to respond -- by themselves and through proxies in the region in a myriad of possible ways. Iranian officials have regularly been threatening all sorts of hell should they be attacked, including "blitzkrieg tactics" in the region. Oil Minister Gholam Hossein Nozari typically swore that his country would "react fiercely, and nobody can imagine what would be the reaction of Iran." The head of Iran's Revolutionary Guard, Mohammed Jafari, said: "Iran's response to any military action will make the invaders regret their decision and action." ("Mr. Jafari had already warned that if attacked, Iran would launch a barrage of missiles at Israel and close the Strait of Hormuz, the outlet for oil tankers leaving the Persian Gulf.") Ali Shirazi, Iranian Supreme Leader Ayatollah Ali Khamenei's representative to the Revolutionary Guards, offered the following: "The first bullet fired by America at Iran will be followed by Iran burning down its vital interests around the globe."
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The Adults in the RoomAnd what about the opposition? I'm not talking about those of us out here who would oppose such a strike. I mean within the world of Bush's Washington. Forget the Democrats. They hardly count and, as Hersh has pointed out, their leadership already signed off on that $400 million covert destabilization campaign.
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With former Carter National Security Advisor Zbigniew Brzezinski, Gates tellingly co-chaired a task force sponsored by the Council on Foreign Relations back in 2004 which called for negotiations with Iran. He arrived at the Pentagon early in 2007 as an envoy from the world of George H.W. Bush and as a man on a mission. He was there to staunch the madness and begin the clean up in the imperial Augean stables.
http://www.tomdispatch.com/post/174953/why_cheney_won_t_take_down_iran