"Economically, we should factor in the real possibility that Iranian oil might be off the global market, and prepare — we have been here before with the Iranian embargo of 1979 — for colossal gasoline price hikes. This should also be a reminder that Ahmadinejad, Saddam, Hugo Chavez, and an ascendant and increasingly undemocratic Putin all had in common both petrodollar largess and desperate Western, Chinese, and Indian importers willing to overlook almost anything to slake their thirst. Unless we develop an energy policy that collapses the global oil price, for the next half-century expect every few years something far creepier than the Saudi Royals and Col. Moammar Gadhafi to threaten the world order."

-Victor David Hanson 1/13/06