You guys are missing the bigger picture.
Iran is scheduled to open a new oil market in the next few days (Google: Iranian Oil Bourse). This oil market will use the Euro instead on the US dollar. The only reason the US dollar is of any value in the world market right now is because you can only buy oil in US dollars. Therefore countries have to collect US dollars in order to buy oil. If some countries decide to use the Euro to buy their oil instead of the US dollar the current value of the US dollar will plummet. Bush is doing everything he can to make sure the Iranian oil market does not open.
Speculation is the US is cutting the cables to delay or prevent the opening of the market and to show Iran that they cannot rely on the internet to operate their market. It may be that the US is only cutting the cables they can't monitor or control. In other words the Iranians can't operate their market using the internet without the possibility of the US watching or interfering with their transactions. If this tactic fails and the Iranians open the market anyway there will be three options open to the US. One is to convince/pressure the rest of the world not to use the Iranian market (the possible reason for Bush's recent trip to the Middle East); Two is to close the market with military power; Three is to live with the potential be a major economic recession/depression.
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Read this article for 2006: http://www.energybulletin.net/12125.html
You guys are missing the bigger picture. Iran is scheduled to open a new oil market in the next few days (Google: Iranian Oil Bourse). This oil market will use the Euro instead on the US dollar. The only reason the US dollar is of any value in the world market right now is because you can only buy oil in US dollars. Therefore countries have to collect US dollars in order to buy oil. If some countries decide to use the Euro to buy their oil instead of the US dollar the current value of the US dollar will plummet. Bush is doing everything he can to make sure the Iranian oil market does not open. Speculation is the US is cutting the cables to delay or prevent the opening of the market and to show Iran that they cannot rely on the internet to operate their market. It may be that the US is only cutting the cables they can't monitor or control. In other words the Iranians can't operate their market using the internet without the possibility of the US watching or interfering with their transactions. If this tactic fails and the Iranians open the market anyway there will be three options open to the US. One is to convince/pressure the rest of the world not to use the Iranian market (the possible reason for Bush's recent trip to the Middle East); Two is to close the market with military power; Three is to live with the potential be a major economic recession/depression.