Why Russia caved-in on Iran
It may be, in the words of the Godfather, that the Bush administration made Putin “a deal he couldn’t refuse”. For one thing, MosNews reports just yesterday that “Lukoil will replace the disgraced Halliburton” in providing fuel in Iraq.
Does the administration really need a war with Iran so desperately?
Yes.
The truth is, that even the control of oil is not nearly as critical to the US as maintaining it’s continued dominance in the exchange of oil in greenbacks. If Iran is allowed to open its oil bourse (exchange) in March and openly compete with the US’s monopoly on trading oil in petrodollars, the central banks across the globe will dump hundreds of billions of dollars overnight, and the American economy will disappear beneath the waves.
This is not fiction.
The Lukoil transaction should prove to skeptics that Washington is prepared to give up anything to prevent the opening of Iran’s oil exchange. The UN Security Council is just the last step before military operations begin.
The Bush administration is dead-set on attacking Iran and removing this existential threat to the American economy and the ongoing supremacy of the reserve currency.