« Credibility | Talking Points Memo Home

Reason Certain to Prevail

10.25.07 -- 11:58PM
By Josh Marshall

From the Post ...

A U.S. military strike against Iran would have dire consequences in petroleum markets, say a variety of oil industry experts, many of whom think the prospect of pandemonium in those markets makes U.S. military action unlikely despite escalating economic sanctions imposed by the Bush administration.

The small amount of excess oil production capacity worldwide would provide an insufficient cushion if armed conflict disrupted supplies, oil experts say, and petroleum prices would skyrocket. Moreover, a wounded or angry Iran could easily retaliate against oil facilities from southern Iraq to the Strait of Hormuz.

Recent Archives

November 29, 2009 - December 5, 2009
November 22, 2009 - November 28, 2009
November 15, 2009 - November 21, 2009
November 8, 2009 - November 14, 2009

TPM News Headlines

Share
Close Social Web Email

"To" Email Address

Your Name

Your Email Address