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I see the analogue, but rice ain't oil. Hitting Iran would have devastating repercussions for all of the world, though the oil companies of course would rake in huge profits like they always do when they make the supply scarce and uncertain. Thankfully we don't have any oilmen in charge of making such decisions...

It isn't necessarily about "right and wrong" morally in this case, at least not in those simplistic of terms. Throw in some other questions such as: does it destabilize global economies to the point that people all over the West can't afford to drive to work or buy food good shipped to stores by trucks? does it drive Russia and China to feel a desperate need to stop the U.S. as Putin has just begun to vocalize? (that wouldn't even have to be militarily given the huge trade deficit that the U.S. has with China; keep in mind that these countries get considerably more oil from Iran than the U.S. does.)

"Right thing to do" arguments make for effective sound bites, and Bush has been the king of these of course, but don't encompass the way the world actually works. Mind that doesn't matter to the power brokers when millions of Americans are singing along to country singers who say they "can't tell you the difference between Iraq and Iran." However, the wool does seem to be getting pulled pretty thin these days.

I honestly wish I had your optimism that starting a full scale multi-national war in the Middle East wouldn't devastate the global economy and/or start World War III.

UK vs. Iran - "Very Serious" Says Blair. Indeed.