But there's little doubt that forswearing military action against Tehran should ease the upwards pressure on world oil prices - which hit a historic high on Monday of more than US$143 per barrel before, falling back to $140 - and thus offer at least some reprieve to the US consumer at a time when record gasoline prices appear to be driving widespread popular dismay with the state of the US economy.
"[I]f this administration truly wanted to spare Americans further pain at the pump, there is one thing it could do that would have an immediate effect," wrote Michael Klare in this week's Nation magazine and author of a new book, Rising Power, Shrinking Planet: The New Geopolitics of Energy. "[D]eclare that military force is not an acceptable option in the struggle with Iran."
While oil analysts say that prospects of a continuing decline in the dollar no doubt played an important role in Monday's price jump, they also pointed to this weekend's pointed reaction by the commander of the Iranian Revolutionary Guards Corps, General Ali Jaafari, to recent US and Israeli threats to attack Tehran's nuclear facilities, as well as his assessment that those threats should be taken seriously, as a major factor.
http://newageislam.com/does-iran-have-bush-over-a-barrel?/islam-and-the-west/d/167
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12:50 AM
Moderate Islamist here
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