ALL ABOUT OIL?….It’s no surprise that Charles Krauthammer wants to blame the Euroweenies for all our problems with Iran, but is he really serious about this?
The only sanctions that might conceivably have any effect would be a boycott of Iranian oil. No one is even talking about that, because no one can bear the thought of the oil shock that would follow, taking 4.2 million barrels a day off the market, from a total output of about 84 million barrels.
….Which is one of the reasons the Europeans are so mortified by the very thought of a military strike against Iran’s nuclear facilities….The problem that mortifies the Europeans is what Iran might do after such an attack ? not just cut off its oil exports but shut down the Strait of Hormuz by firing missiles at tankers or scuttling its vessels to make the strait impassable. It would require an international armada led by the United States to break such a blockade.
Let me get this straight: the only people worried about Iran’s oil are the Europeans? Whereas United States foreign policy is blissfully free of any concern over protecting the global flow of oil? I know that Krauthammer is prone to flights of fancy when he ponders American actions overseas, but even for him this is a doozy.