The hawk premium

July 10th, 2008 12:30 pm · 0 comments

It’s getting more and more obvious that our belligerent stance in the Mideast is a direct contributor to the deteriorating economic conditions in this country.

As in, here we have a story today in whcih the head of OPEC is warning that if Iran is attacked, oil prices would see an “ulimited” increase:

“We really cannot replace Iran’s production - it’s not feasible to replace it,” Abdalla Salem El-Badri, the OPEC secretary general, said in an interview. …

<snip>

“If something happened there, nobody would be able to solve it,” he said, referring to a war involving Iran.

He said that current geopolitical tensions were among the principal reasons why oil prices were so high.

And those high oil prices, of course, ripple freely through the economy, affecting your costs at the grocery store and everywhere else.

This isn’t to say that the U.S. is never to rattle the saber; but so many conservatives seem to prefer armed conflict with Iran; and let us be crystal clear that this is a recipe for short-term economic disaster, at the very least. That’s why I don’t think the country rallies around the Republican nominee if we drop the bombs between now and November; the country will turn around and have to pay $6 per gallon. And the country is going to be very, very angry.

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