This is serious Business and Bush had better read this. This here is why we cannot afford to go to war with Iran.
The Story: OPEC warns against military conflict with Iran (via International Herald Tribune)
The head of the Organization of Petroleum Exporting Countries warned Thursday that oil prices would see an “unlimited” increase in the case of a military conflict involving Iran, because the group’s members would be unable to make up the lost production.
“We really cannot replace Iran’s production – it’s not feasible to replace it,” Abdalla Salem El-Badri, the OPEC secretary general, said during an interview.
Iran, the second-largest producing country in OPEC, after Saudi Arabia, produces about 4 million barrels of oil a day out of the daily worldwide production of close to 87 million barrels. The country has been locked in a lengthy dispute with Western countries over its nuclear ambitions.
In recent weeks, the price of oil has risen higher on speculation that Israel could be preparing to attack Iranian nuclear facilities. The saber-rattling intensified this week with missile tests by Iran. That has further shaken oil markets because of concerns that any conflict with Iran could disrupt oil shipments from the Gulf region.
“The prices would go unlimited,” Badri said during the interview, referring to the effect of a military conflict. “I can’t give you a number.”
I highly recommend that everyone, of all political stripes go read this article. This is why we cannot go to war with Iran. Not because of our Military, but rather because it would kill us, even worse than it is now, at the gas pump.
We just cannot afford, I cannot afford, the Nation cannot afford another war with another country.
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