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By Richard Fernandez

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Pars for the course

July 10, 2008 - 4:03 pm - by Richard Fernandez
Wadeusaf
2008-07-12 18:26:22

Teresita,

Iran is incurring difficulties moving that fungible commodity, that is what is important about Total Elf’s withdraw from the consortium. There is no need to attack Iran’s oil infrastructure, nor to seize tankers bound for China,(although a thorough inspection on the return trip might be in order) replacement of the NG is available in the Stans, and it appears that a ready supply is available for market under the sands of Al Anbar. As a fungible commodity the folks in Iraq should be able to trade interest in oil stocks between them as a means of funding the development of that field, while increasing the flow of current production through the existing port facilities at Basra.

I do not see a strike on Iranian Nuclear facilities affecting the price of anything, and perhaps it might lower the “terrorism tax” the speculators are making a fortune off of. UN resolutions and agreements made in good faith by Iran with the world community are enough reason to take out their capability. We are not about to suffer the demolition of numerous cities, nor wait for the deaths of tens of thousands of civilians just to mollify your conscience. That would be inexcusable beside being just plain dumb. We don’t need and we don’t want another war, we just need for certain actors to change their lines and stop acting as though it were a soliloquy.