Dilip Hiro and Tom Engelhardt, October 30, 2009
".....Most important, the Obama administration is ignoring the altered international order that has emerged in the wake of the global financial crisis triggered by Wall Street’s excesses. While its stimulus package, funded by taxpayers and foreign borrowing, has arrested the decline in the nation’s gross domestic product, Washington has done little to pull the world economy out of the doldrums. That task — performed by the U.S. in recent recessions — has fallen willy-nilly to China. History repeatedly shows that such economic clout sooner or later translates into diplomatic power.
Backed by more than $2 trillion in foreign exchange reserves, the state-owned Chinese oil corporations have been locking up hydrocarbon resources as far away as Brazil. Not surprisingly, Iran, with the second largest oil as well as gas reserves in the world, looms large in the strategic plans of Beijing. The Chinese want to import Iran’s petroleum and natural gas through pipelines across Central Asia, thus circumventing sea routes vulnerable to U.S. naval interdiction. As this is an integral part of China’s energy security policy, little wonder that Chinese oil companies have committed an estimated $120 billion dollars — so far — to Iran’s energy industry.....
Iran’s leaders know that during his second term in office — as Seymour Hersh revealed in the New Yorker — Bush authorized a clandestine CIA program with a budget of $400 million to destabilize the Iranian regime. They are also aware that the CIA has focused on stoking disaffection among Sunni ethnic minorities in Shiite-ruled Iran. These include ethnic Arabs in the oil-rich province of Khuzistan adjoining Iraq, and ethnic Baluchis in Sistan-Baluchistan Province abutting the Pakistani province of Baluchistan.
Little wonder that Tehran pointed an accusing finger at the U.S. for the recent assassination of six commanders of its Revolutionary Guard Corps in Sistan-Baluchistan by two suicide bombers belonging to Jundallah (the Army of Allah), an extremist Sunni organization. As yet, there is no sign, overt or covert, that President Obama has canceled or repudiated his predecessor’s program to destabilize the Iranian regime.
Insecure regimes seek security in nuclear arms. History shows that joining the nuclear club has, in fact, proven an effective strategy for survival. Israel and North Korea provide striking examples of this......"