Attack Iran, Lose Your Job
BY RUSS WELLEN
Here's how to explain it to family and friends who either don't believe Bush & Co. would be crazy enough to launch another capricious war or don't care.
Oil is already approaching $100 a barrel. Now imagine that price doubled -- not in a decade, but overnight. That scenario is considered likely if Iran attacks or blockades oil shipping in the Persian Gulf. Also bear in mind it contains the world's largest offshore oil field, which would be equally vulnerable to disruption.
Now imagine your home-heating bill and the price you pay at the gas pump reflecting the post-attack price of a barrel of oil. Then envision your employer experiencing the same alarm, but amplified by the size of his facilities, as well as transportation costs.
Tuesday, November 6, 2007
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