Rusty Solomon Weighs In On The Future and Consequence of American Dependence on Foreign Oil

 

Rusty Solomon believes that the future military moves by Israeli against Iran could lead to a steep increase in the price of oil, further accelerating the already hefty costs of $115.73 a barrel to unprecedented rates. Already, speculation and economic fluctuations has led to an increase of $1.17 a barrel, bringing oil costs to their highest level in months. Just how bad can it get? The Rapidan Group, a consulting firm for senior asset and executive managers, has projected possible costs of up to $175 a barrel should an attack on Iran take place.

 

Rusty Solomon, an analyst at Mandrien Consulting, has long drawn the correlation between the costs of war and the steep trickle-down effect experienced domestically. These concerns are greatly acerbated by speculation and apparent preparation by Israeli for military conflict. Reports by CIA’s Hamid Reza Zakeri indicate the retaliation by Iran could include biological and nuclear weapons. Further reports by Reuters state Israel seems to be preparing for just such an occasion, with a mass drill that took place on Thursday – simulating the conditions of a missile attack in the center of the country. In the midst of intense speculation by Rusty Solomon and other analysts, the preparations themselves appear to speak to the seriousness of the threat.

 

The trade effects and skyrocketing prices of oil could have devastating effects for a country already mired in economic crisis. The mortgage crisis and new legislation passed to prevent fraud has contributed to a fragile American economy. Rusty Solomon has been a long-time proponent of utilizing technology and social media to revitalize businesses and a healthy economy but Rusty Solomon and other experts admit it may not be enough. Military experts take the speculation one step further, stating that a continued disruption in America’s supply of oil would be devastating; threatening the very foundation of the U.S. military’s ability to mobilize and respond to threats.

 

Should Israeli make the decision to move against Iran, notes Rusty Solomon,  the economic entanglement that would result could cost the U.S. $75 billion in GDP, a loss the economy cannot bear in its current condition. Though there is significant interest and investment at stake, few countries are willing to back Israeli’s speculated war interest, preferring to seek diplomatic solutions and continued stonewalling in an attempt to deter Iran from further nuclear weapon activity. The International Atomic Energy Agency has cited several examples in support of their beliefs that Iran is pursuing a nuclear agenda, including procurement of equipment and design information as well as preparatory work for a nuclear weapons test. Rusty Solomon believes this evidence stands in stark contrast with Iran’s insistence their nuclear program’s purposes are peaceful.

And if Israel does go to war with Iran asks Rusty Solomon? Seyed Hossein Naqavi, head of Iranian National Security has promised a passionate “street war” that may have wide spread consequences on the streets of Europe and in the U.S. as well.

 

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