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Oil Price Implications of a Strike on Iran

BTW, we are all forgetting some recent history - in 2003 the previous Iranian administration reached out to the Bush Admin via the Swiss embassy wanting to open up a dialogue with the US about a host of issues - including their nuclear program. The response? The Bushies told the Swiss to "mind their own business". Our policy of refusing to deal with a country because we don't "like" them reminds one of a petulant child. Whether we like it or not, Iran IS a regional power (and the situation in Iraq has only made them stronger). Our military is stretched to the limit - recruiting standards have been lowered, those in active service are worn out - some on their 3rd and 4th tours. 45 year-old National Guardsmen who signed up for "two weeks a year" are watching their mortgages and marriages go down the drain as they serve in Iraq. The administration can't be contemplating opening up a THIRD front. (And hey - whatever happened to Osama bin Laden anyway? weren't we supposed to get him?!)