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Nuclear brinkmanship is profitable for all

by Laurence Rowe published Feb 08, 2007 03:47 PM

The hysteria over a possible nuclear threat from Iran should be put in perspective. A year ago the Observer reported an oil 'risk premium' of $10 per barrel. With Iran exporting 2.5 million barrels of oil per day that premium is worth $9 billion a year, enough to fund Britain's nuclear weapons programme twice over. At the same time Big Oil – large donors to the Republican Party – have seen profits soar. Time to learn to stop worrying and love the bomb?

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