From Danny Schechter, News Dissector:-
The Oil & Energy Investment Report offered this backgrounder:
Iran also has three strategic advantages that make it a formidable threat to close the Strait of Hormuz.
Advanced antiship missiles. The newest of these skims the surface of the waves (too low to be reliably tracked on radar) at twice the speed of sound (so there’s very little time for defenders to react), and blows a hole in the target vessel right at the water line.
The only effective defense the US Navy has against these ship-killers is simply to keep enemy craft from approaching close enough to launch them.
But this is possible only on the open ocean, where AWACS radar surveillance aircraft orbiting high above the fleet can track everything in motion for hundreds of miles in every direction, and direct US fighter planes to intercept.
By contrast, the Persian Gulf is almost a narrow lake. More than 70% of its surface area lies within easy missile range of the Iranian shoreline—along which every sand dune or hillock could conceivably hide a landbased missile launcher.
In the history of naval warfare, there has never been a sea battle fought with large numbers of sea skimming antiship missiles….In addition to the hitech threat to Persian Gulf shipping, Iran also has a credible lowtech threat: antiship mines.
These are inexpensive, and can be tossed over the side of a speedboat or out the window of lowflying aircraft. After the first ship got blown up, traffic would slow to a crawl—which is almost as good as closing the Strait entirely.
…. Bottom line: Once Iran closes the Strait, and takes 20 million barrels of oil a day off the market, no one knows how long it might take to get all that oil flowing again -
If the oil supply is reduced, up goes the price, up goes the profits, as happened with the Iraq invasion. Thus military action against Iran will increase profits for oil and oil services corporations. Now can you guess who among the Bush administration are tied to said corporations?
If you answered all of them, well done!
Thursday, March 29, 2007
Profit Of Doom
Posted by Unknown at 20:30
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