Still Dreaming

TPM quotes the Washington 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.

I see we are still discussing the issues as if there were reasoning people at the helm in this country. There were a lot of reasonable arguments against invading Iraq, and none of them seemed to merit so much as a moment’s consideration in the minds of the architects of Armageddon.

It’s good to recognize the reasons that attacking Iran is a really bad idea, but to suggest that these reasons make the attack unlikely is to promenade the primrose path with Pollyanna.

....but hey, do what you want....you will anyway.