- 10 October 2012
- 0 Comments
- Nuclear file, Panel Discussion, Sanctions, US-Iran War
Within 45 minutes of the release of the Bipartisan Policy Committee’s (BPC) report, “The Price of Inaction: Analysis of Energy and Economic Effects of a Nuclear Iran,” pro-war pundits were spinning its results.
The neoconservative Washington Free Beacon breathlessly announced, “REPORT: Nuclear Iran would ‘double’ oil prices, cost millions of U.S. jobs.”
The problem here is that the BPC report doesn’t say this. It says that if there were a nuclear exchange between Israel and Iran or Saudi Arabia and Iran, oil prices would double. Yes, it is shocking–if a nuclear war broke out in the Middle East it would likely cost more to fill up your tank.
Given the Bipartisan Policy Committee’s track record of pro-war hyperbole on all things Iran, its stunning to see neoconservative rags spinning the BPC’s message even further. But the Free Beacon’s Adam Kredo ignores the report’s findings and instead fabricates his own conclusions in an attempt to rebut warnings about the significant economic costs of military strikes on Iran (including $7 gas).
*Update: Now the Drudge Report has gotten into the act, reposting the Free Beacon piece with the same erroneous headline*