[lbo-talk] get ready for Pres Clinton - again!

Robert Wrubel bobwrubel at yahoo.com
Mon Nov 5 10:08:30 PST 2007


What about the other oil motive -- the desire to keep oil transactions in dollars?

BobW

--- Doug Henwood <dhenwood at panix.com> wrote:


>
> On Nov 5, 2007, at 11:20 AM, Shane Taylor wrote:
>
> > When pressed, Greenspan argued that Saddam had to
> be
> > deposed before he could seize the Straits of
> Hormuz
> > and block oil shipments out of the Persian Gulf.
> His
> > scenario falls apart if Saddam was boxed in--the
> > reality. The fact that even evil dictators will
> sell
> > their oil doesn't square with his forecast,
> either.
>
> And how long would it take to clear such a blockade?
> That's one
> instance in which U.S. military action really would
> be a cakewalk,
> and there would be very few objections because the
> UN would approve
> it in a few minutes.
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