An Attack On Iran Will Mess Up Your Life

SCOTT RITTER: The Iranians will use the weapon that is the most effective weapon, because the key for Iran -- you know, Iran can’t afford, if this -- remember, the regime wants to stay in power, so they can’t afford a strategy that gets the American people to recognize three years in that, oops, we made a mistake. I mean, if that was Saddam’s strategy, it failed for him, because he’s out of power. Yeah, we realize we made a mistake now in Iraq, but the regime is gone. So the Iranians realize that they have to inflict pain upfront. The pain is not going to be inflicted militarily, because we're not going to commit numbers of ground forces on the ground that can cause that pain. The pain will come economically.

Our oil-based economy is operating on the margins, as we speak. We only have 1.0% to 1.5% excess production capacity. If you take the Iranian oil off the market, which is the first thing the Iranians will do, we automatically drop to around minus-4%, which means there ain’t enough oil out there to support the globe’s thirst for oil, especially America’s thirst for oil. And we're not the only ones drinking it? You think for a second the Chinese and the Indians, the world’s two largest developing economies, are going to say, “Hey, Uncle Sam, we’ll put everything on hold, so we can divert oil resources, so you can feed your oil addiction, because you attacked Iran”?

And it’s not just Iranian oil that will go off the market. Why do you think we sent minesweepers up there? We’ve got to keep the Straits of Hormuz open. The Iranians will shut it down that quick. They’ll also shut down oil production in the western oil fields of Saudi Arabia. They’ll shut down Kuwaiti oil production. They’ll shut down oil production in the United Arab Emirates. They’ll shut down whatever remaining oil production there is in Iraq. They’ll launch a massive attack using their Shia proxies in Iraq against American forces. That will cause bloodshed.

The bottom line is, within two days of our decision to initiate an attack on Iran, every single one of you is going to be feeling the consequences of that in your pocketbook. And it’s only going to get worse. This is not something that only I recognize. Ask Dick Lugar what information he’s getting from big business, who are saying, “We can’t afford to go to war with Iran.”

SEYMOUR HERSH: Final question: given all this, are we going to do it?

SCOTT RITTER: Yes, we're going to do it.