Tuesday, February 7, 2012


Islam and the West
07 Feb 2012, NewAgeIslam.Com
No Exit in the Persian Gulf?

By Michael Klare

January 31, 2012.

Who may suffer, other than Iranians? In the long run, the shaky economies of Italy, Greece, and Spain, long dependent on Iranian oil, potentially raising further problems for an already roiling Euro zone. And don’t forget the U.S. economy, or your own pocketbook, if gas prices go up, or even President Obama, if his bet on oil sanctions turns out to be an economic disaster in an election year. -- Michael Klare

http://www.newageislam.com/NewAgeIslamIslamAndWest_1.aspx?ArticleID=6566

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