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Boursing Around
A bourse is a bourse, of course, of course,
Unless it's a trading bourse, of course.


In arguing the Iran Oil Bourse is not grounds for military attack on Teheran by the United States, William Engdahl (March 10, 2006, GlobalResearch.ca) assumes the Bush administration is as rational in its military targeting as he is in his geopolitical analysis.

He seems to suppose the judicious junta put its collective brain cell together to conclude: "Well, yes, the Iranian Oil Bourse is a bit cheeky by trading oil in euros. But let's face it. The Iranians are not out to unseat our beloved dollar as petrocurrency, but to find a mechanism that lets them keep more of their oil revenues previously wasted on intermediary traders and investment banks."

Impeccable reasoning: logical, coherent, carefully nuanced, thoroughly researched, and just plain wrong!

That's not the Dick-and-George we've come to know. Consider recent revelation of their strategy to mount a sustained bombing campaign in Iran, in the expectation this would humiliate the country's religious leadership, and lead the Iranian people to overthrow their government! As the former defense official who reported this, asks: "What are they smoking?"

Well, whatever it is Bush and Dick are stuffing in their pipes, we can be sure it renders them perfectly incapable of exercising such subtle reasoning as Engdahl presents. Since when did the Bush administration need a "casus belli" that made any sense? The Iran Oil Bourse is not a casus belli when Bush starts reading Flaubert. Or even the Bible he purports to follow.

April 2006

 

The poems on this website are protected by U.S. copyright law and registered with the U.S. Library of Congress.
Please direct any requests for publication, in whatever form or medium, to the author, Ian Reed, at tango_poet@hotmail.com (212) 841-0341.