Crude rhetoric
Conference fringe meeting speeches do not generally add much to the sum of human knowledge. This interesting speech by Liam Fox seems to be something of an exception. The figures he uses to make a link between oil prices and defence spending in Iran are startling.
Robbie Millen

What a fascinating, thought-provoking - and scary - speech.
Are those who may be thinking of taking action against Iran aware of this assessment of that country's capabilities?
Posted by: Gabor Kovacs | 4 Oct 2006 10:35:19
Iran's defence build up must be resisted, but if its defence spending was US$ 8.47bn in 2005, let's put that into contexst. US defense spending was nearly $500bn in 2005, ie about the same as Iran's annual spending every six days.
Posted by: Matthew | 4 Oct 2006 20:04:52