03 Aug 2006
Iran warns of $200 oil if US pursues sanctions

And the 82nd Airborne would be in Tehran in a week - possibly joined initially by the Chinese. I doubt if they'd go to Caracas with us. The EU (with most of NATO) and the UN would erupt in a cacophony of noise. The US would withdraw from both. The Russians would be rubbing their hands with glee, the Pakistanis would be running for cover and the Indians would be furious about Chinese participation in anything with the US.

Saudi Arabia would erupt, but in a lot less noisy and more serious way than Europe. And quite probably turn off the taps on their oil, too. At least temporarily. They'll say.

The US economy would grind to a halt, the President would declare a state of emergency, dissolve Congress and suspend elections. The American Empire that everyone's been expecting will have finally arrived, although, like Rome, we'll probably hold onto the trappings and the rhetoric of democracy for a while.

This is probably an overly pessimistic analysis of what happens if we sanction Iran. Unfortunately, this is probably an overly optimistic scenario if we don't sanction Iran, and the Iranians pass a bomb to their buddies in Hezballah. Then both Tel Aviv and Isfahan would be glowing in the dark, in addition to the dire sloggings posited above...

Why is it getting warmer, and why are we in this handbasket?

Reuters - Global oil prices could hit $200 per barrel if the United States pursues sanctions against Iran for its nuclear development program, an Iranian official told Venezuelan state TV on Thursday.

(link) [Yahoo! News: Top Stories]

09:29 /Politics | 4 comments | permanent link