'Topple the Liars on Capitol Hill' (Kayhan, Islamic Republic
sanctions against Iran, which are crippling its economy and have reduced the
value of its currency by 80 percent in the past year, more harmful to the
American people than they are to Iranians? That seems to be the implication of
this editorial from Iran's state-run Kayhan, which calls for Americans to vote out lawmakers who
lack common sense and don't have their best interests at heart.
In his address before world leaders, Israel Prime Minister Netanyahu spoke of the length of time Jews have been in Israel, and the way they have 'defied the laws of history' by restoring their nation. He he used a white board to outline for world leaders how close Iran is to obtaining the fissile material needed for a nuclear weapon, warning of the danger that will come if Iran succeeds, and asserting that regimes like Iran are in league with al-Qaeda to 'seek supremacy' over all Muslims.
The reckless remarks against Iran by American and Israeli
warmongers have driven oil prices to skyrocket more quickly than ever - despite
the crippling global downturn.
That is why, ahead of the U.S. presidential election in November and thanks to fears of inflation and tight
the Obama campaign is worried about the economic downturn and the
rising cost of oil.
Rarely discussed amid all the concern about supply
shortages is that Iran is one of the world’s largest oil producers . While it is
true that the unilateral Western sanctions have seen Iranian oil exports to
Europe decline, it is equally true that Iran will always find somewhere to sell
its black gold - and at a time when American and European markets need that oil.
That was of course the whole point of the sanctions, and the
Obama Administration would be bragging about them during their
campaign, if it weren't for the fact that the measures aren't also hurting
The Obama Administration is free to say otherwise, but
according to many Western energy analysts and experts, the impact of denying
the market supplies from Iran is raising concerns about how much worse things on
the global market could get, particularly in the coming months.
With the war rhetoric between Iran and Israel continuing, crude
oil prices have risen to as high as $111 per barrel, and it is very likely that
this trend will continue. Even if war doesn’t come (which it won’t because
Israel is bluffing), existing tensions will cause prices to inch toward the
$200 mark. But if Israel launches a strike against Iran’s nuclear installations,
things could go from bad to worse.
Everyone hopes that if Iranian exports are affected, Saudi
Arabia and other OPEC members will boost output and make up for the shortfall
in supplies. But that is nothing but wishful thinking, because excess capacity
has been almost exhausted. Not even Saudi Arabia will be able to produce more
than an additional 1 million barrels per day - and then only for a few weeks.
Another reason that the West has reason to expect prices to
rise is that Saudi Arabia relies on the Strait of Hormuz to export its oil.
Unless the United States succeeds in keeping the Strait open and secure, crude
oil prices will soar and the seemingly incredible price of $200 per barrel is
In the words of U.S. Republican strategist David Frum, “Obama’s Iran policy is to visit crippling sanctions
on Iran and to attempt to impose a financial embargo on the sale of Iranian
petroleum. If you are an oil futures trader and you hear that, you might well
conclude that Obama is trying to take Iranian petroleum off the market. You
would be right. Guess what: less supply, assuming constant or increasing
demand, equals higher prices.”
Frum goes on to say, “Obama’s
further policy is that no options are off the table, which is an implicit
threat to strike Iran militarily if the oil embargo fails in changing Iranian
policy of enriching uranium. If you are an oil futures trader and you hear
that, you have to build the possibility of a military strike into the price six
months down the road. And that would cause a big spike in gasoline prices.”
[Editorial Note: The state-run editorial is misquoting
Mr. Frum. In fact, these quotes are from a blog
post by analyst Juan Cole, explaining why he disagrees with Mr. Frum.]
What Frum really means is that it's
time for Washington and its allies to leave their old ideas of world domination
behind, because they will eventually lead to its own self-destruction, and because
a changing world has brought new opportunities for peace and a more unified
community of nations.
Sadly enough, ahead of the November presidential poll, the
American people are once again being bombarded by fallacious propaganda against
Iran. This is designed to do far worse than penetrate their brains; it is
designed to hurl them and their children into an endless war against the
Posted by Worldmeets.US
What the American people need now is not mere skepticism,
but a toppling of the liars on Capitol Hill. There, stupidity reigns. Before
things get worse and before crude oil prices hit the $200 mark, Americans need
to elect a leader that has respect for international law, common sense and
their own welfare at heart (not Israel's)!
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