Into Iran: The Bush Death Wish

As I get closer to winning my dinner bet that Bush will attack Iran, I am far less willing to win. From the Atlantic Monthly online: why attacking Iran will be a disaster:

About Iran’s intention to build a bomb, there is no serious disagreement among Russia, China, France, and the United States. Iran has dropped its pretense of benign intent. It refused the compromise that Russia formally proposed late in 2005 (though a new round of negotiations was announced early in March). Last year’s elections, the most democratic in that nation’s history, transformed the leadership—by making it more anti-Western and harder-edged. The attainment of an Iranian bomb might provoke Saudi Arabia, Egypt, and other neighboring countries to begin nuclear programs of their own, and might make the terrorist groups Iran supports throughout the region feel they can attack with greater impunity. Dealing with Iran is now considered an international crisis. As it has watched Iran’s evolution, the United States has delivered more and more studied warnings that “all options remain open”—code to the Iranians that they should worry about an attack. In different ways, George W. Bush and two aspiring successors, John McCain and Hillary Clinton, have expressed this view. Government officials in Israel have been more explicit still, with the defense minister saying that Israel “will not accept” Iran’s acquisition of nuclear weapons. Intellectuals, activists, and out-of-power politicians from Newt Gingrich to Benjamin Netanyahu have all urged their leaders to stand firm.

The biggest change has been in what Soviet strategists used to call the “correlation of forces.” Every tool at Iran’s disposal is now more powerful, and every complication for the United States worse, than when our war-gamers determined that a pre-emptive strike could not succeed. Iran has used the passing time to disperse, diversify, conceal, and protect its nuclear centers. Instead of a dozen or so potential sites that would have to be destroyed, it now has at least twice that many. The Shiite dominance of Iraq’s new government and military has consolidated, and the ties between the Shiites of Iran and those of Iraq have grown more intense. Early this year, the Iraqi Shiite warlord Muqtada al-Sadr suggested that he would turn his Mahdi Army against Americans if they attacked Iran.

Economically, Iran also has far greater leverage than before. Through 2004, the price of a barrel of oil averaged less than $40. In 2006, it has been above $60, an increase of more than 50 percent. Rising demand from China, India, and, yes, the United States has left virtually no slack in the world’s oil markets. OPEC’s “spare” production capacity—the amount it could quickly supply beyond current demand—is about 1 million barrels a day. Iran now supplies about 4 million barrels a day. If it chose to, or had to, remove much of its oil from the market, a bidding war could send the price of a barrel of oil above $100. Eventually, everyone would adjust. Eventually, the Great Depression ended.