Is Iran next on Target?
The speedy fading situation on the ground in Iraq indicates an even more horrible situation for American soldiers and the people of the world community. Following the events in Iraq, it looks like the Bush administration is rethinking their strategy regarding Iran. It becomes more obvious as the invasion of Iraq had less to do with any threat from Saddam's long-gone WMD program and even lesser to do with international terrorism.

So what are the U.S. troops doing there?
What we listen and see in the media are nothing but some spills out into the murky open. America has a problem: Oil addiction. US surely acknowledge the problem and interestingly, Americans have their own ways to meet such challenges. Correcting the imbalances, it sends extra troops into Iraq so as to meet this challenge. Gaining control over Iraq's hydrocarbon reserves is just a first step in maintaining the U.S. dollar as the monopoly currency for the critical international oil market.

What's the next step?
Iran, of course...Why? While the publicly stated reasons will be over Iran's nuclear dream, there are silent macroeconomic drivers explaining the 'Real Reasons' regarding the second stage of petrodollar warfare. Iran's euro-based oil Bourse includes a proposed Iranian "petroeuro system" for oil trade and extends beyond the stated concerns regarding Iran's nuclear intentions. Given U.S. debt levels and the stated neoconservative project for U.S. global domination, Tehran's objective constitutes an obvious encroachment on U.S. dollar supremacy in the international oil market.
So what is it that US will do?
Obviously, this would require a military plan to restrict Iran that has been at the receiving end of continuing US interference in its political system for over half a century. However, learning from Iraq war has clearly shown that such imperial policies will be a disastrous failure. So there's one more option with the US- carry out multilateral negotiations regarding a dual oil-currency system, in conjunction with global monetary reform with the EU and OPEC. Still then, the unpublicized but factual challenge to U.S. dollar supremacy from the euro as an alternative oil transaction currency will land the enlightened U.S. policy makers into two difficult options- monetary compromise or continued petrodollar warfare.
Image: Highcountrypeace





