Monday, May 01, 2006

Trading Places

I'll believe it when it finally happens, but this long-rumored event appears close to becoming reality. As I've explained previously, this is an important issue that's as much a symbolic threat as a practical one.

Expect the level of tension to increase accordingly.

10 Comments:

Anonymous Anonymous said...

Price of Oil Before Iraq: ~40bbl
Price of Oil After this mess: >85bbl

Price of leaving our children a world of Chaos and an enduring Religious World War...sadly Priceless

5/01/2006 1:28 AM  
Blogger copy editor said...

My take is that Iran generally wishes to pursue major regional power status.

I think this exchange is one of the steps they believe will arrive at that goal.

5/01/2006 12:46 PM  
Blogger Mike said...

I can't say I really know enough about geopolitics or the oil market, but I continue to find lines connecting The Dots of March: no more M3 data publication, the supposed start date of the Iranian Oil Bourse, and Iran's "Our reactor's on-line, nah, nah, nah, nah, nah" announcement.

And surprise, surprise, the White House just keeps ramping it up as crude prices rise.

5/01/2006 4:32 PM  
Anonymous Anonymous said...

I've been discounting this thing forever. However let's see if Russia or China might want to play here. I hadn't considered that, till now.

The implications if they do are too terrible to contemplate. Can you say ebb tide of American power.

5/01/2006 7:51 PM  
Anonymous Anonymous said...

Do you think then, that we attacked Iraq to save the US dollar?

I'm not sure I understand all of this, but does the US dollar as the world's reserve backed by oil (arrangement made w/House of Saud & OPEC in the early 70's), (1) make us effectively an empire, (2) gives the ability to tax the world (thru deflating those dollars). Any attack on the dollar is attack on us, and our way of life?

Interesting details here:
http://www.motherjones.com/mojoblog/archives/2006/01/war_with_iran.html

5/02/2006 7:01 PM  
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