Iran ran away with the bomb

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U.S. in talks with Europeans on a nuclear deal with Iran

-- New York Times, Oct. 12.

G-8 nations to meet on Iran

-- The Washington Post, Oct. 15.

Well, the talks and meetings will go on and on to the next Ramadan and the Ramadan after that and Iran will go on working on its nuclear arms program until it has the Bomb. There will be no deal with Iran no matter how costly nuclear bomb manufacture might be. With oil prices going through the roof, money is not a problem now nor in the foreseeable future.

The Washington Post report said the Group of Eight countries -- the United States, Britain, France, Germany, Japan, Italy, Russia and Canada -- would threaten punitive measures if Iran refused to abandon its nuclear arms program. The New York Times reported the U.S. was talking with its European allies on "a possible package of economic incentives for Iran" if only Iran would suspend its uranium enrichment activities.

Incentives? Hah. Iran is the second-largest producer in the Organization of Petroleum Exporting Countries (OPEC) and holds 10 percent of the world's proven oil reserves and the second-largest (after Russia) natural gas reserves.

Incentives? Hah. Iran earns an estimated $900 million for every $1 per barrel increase in the price of its oil. And with oil up in the $50+ per barrel range, Iran is awash in cash and can do what it wants as bomb maker and bomb supplier.

Incentives? The only incentives that might matter would be the threat of sanctions. Who has the will to push for sanctions? France, Germany? Hah. Who has the power, let alone the will, to enforce sanctions if they ever came to a Security Council vote?