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Israel's Key Energy Provider, Egypt, Cuts Off All Natural Gas Supplies
Two months ago, we warned that while the world had decided to blissfully move on from last year's topic #1, the MENA revolutions, and specifically the massive power vacuum left in their wake, things in the region were far from fixed. Quite the contrary, and as we added back then "it is very likely that the Mediterranean region, flanked on one side by the broke European countries of Greece, Italy, Spain (and implicitly Portugal), and on the other by the unstable powder keg of post-revolutionary Libya and Egypt, will likely become quite active yet again. Only this time, in addition to social and economic upheavals, a religious flavor may also be added to the mix". Yet nobody cared as after a year of daily videos showing Molotov Cocktails dropping like flies, people had simply gotten habituated and needed some other source of excitement. Nobody cared also when a week ago Art Cashin warned that the hidden geopolitcal risk is not Spain but Egypt. Today, Egypt just reminded at least one country why perhaps caution about the instability caused by having a military in charge of the most populous Arabic country and the one boasting "the Canal", should have been heeded after Egypt just announced that it is cutting off its natural gas supplies to Israel, which just so happens relies on Egypt for 40% of its energy needs.
From Reuters:
Egypt's energy companies have terminated a long-term deal to supply Israel with gas after the cross-border pipeline sustained months of sabotage since a revolt last year, a stakeholder in the deal said on Sunday.
Ampal-American Israel Corporation, a partner in the East Mediterreanean Gas Company (EMG), which operates the pipeline, said the Egyptian companies involved had notified EMG they were "terminating the gas and purchase agreement".
And judging by the sound and fury emanating from Israel the move was hardly expected:
The company said in a statement that the Egyptian General Petroleum Corporation and Egyptian Natural Gas Holding Company had notified them of the decision, adding that "EMG considers the termination attempt unlawful and in bad faith, and consequently demanded its withdrawal".
It said EMG, Ampal, and EMG's other international shareholders were "considering their options and legal remedies as well as approaching the various governments".
Before the sabotage, Egypt supplied about 40 percent of Israel's natural gas, which is the country's main energy source.
Suddenly Israel may have bigger things to worry about that whether or not to leak its Iran invasion plas on national TV:
Israeli officials have said the country was at risk of facing summer power outages due to energy shortages.
Companies invested in the Israeli-Egyptian venture have taken a hit from numerous explosions of the cross-border pipeline and are seeking compensation from the Egyptian government of billions of dollars.
Ampal and two other companies have sought $8 billion in damages from Egypt for not safeguarding their investment.
Furthermore, if the Egyptian move is indeed an escalation in strategic alliance shifts in the region, it could have truly huge implications:
The Egyptian decision is a potential blow to the country's ties with Israel, already tested by the toppling of Israeli ally President Hosni Mubarak a year ago.
Egypt was the first of two Arab countries to sign a peace trety with Israel, in 1979, followed by Jordan in 1994.a
Has the country's endless warmongering calls for a preemptive war against Iran backfired epically? We won't know for a while, but what we do know is that any government left in the power of military elites, is, how should we say it, unstable... for the simple reason that a military regime tends to require war to remind people why it is in charge. And the Egyptian "transitional" military government appears pretty much set to become permanent. Again from Reuters:
Ex-foreign minister Amr Moussa, a leading contender for Egypt's presidency, said on Sunday he would give the military a voice in key policies via a national security council, a move to reassure ruling generals about their status after a power transfer.
Moussa, a self-described liberal nationalist whose main election rivals are Islamists, also said Egypt needed a president with lobbying skills to work effectively with the Islamist-dominated parliament and other institutions after decades of autocratic government.
Which means add one more election to the already surging roster of short-term catalysts now including France, Greece, Germany and, as of yesterday, the Netherlands:
Egypt's presidential vote that starts on May 23-24 will mark the final stage of a transition to civilian rule from generals who took charge after Hosni Mubarak was ousted last year.
Unfortunately for Israel, either outcome will likely be a choice between a rock and a hard place, as the country appears to be rapidly alienating its one core catalytic long-term ally in the region.
Moussa, 75, said the national security council, to be chaired by the president, would include senior cabinet ministers plus top military officers. It would have a broad national security brief, he told a news conference.
"It has to consider all issues pertaining to national security and not only issues of defence or war, etc, but issues like water, issues like relations with neighbours," said Moussa, a former head of the Arab League.
"(The council) will be a power house on those issues of major priority for the national life," he added.
Other candidates, including one Islamist, have made similar suggestions but Moussa's proposal and his plans as a whole are more detailed than most.
...
The army has said it will hand over power and return to barracks by July 1, leaving the new president in charge.
But various comments from army officials, usually in private, or from the military-appointed cabinet have indicated that the military wants a longer term role in protecting broad interests that range from businesses to national security, and wants to guide state affairs that could impact them.
The only question Israel may want to answer now is whether it wants to get cozy with Russia, whose nat gas it may suddenly be very, very attractive. And for that to happen, it means a huge softening in its anti-Iran tone, which in turn will have a huge impact on regional geopolitics, and specifically the risk of war in Iran, and thus the price of Brent. All of this, of course assumes, Israel does not immediately retaliate against Egypt, recently a big recipient of US aid, not to mention tear gas, and start a pre-emptive two front pre-war...
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Are you using 'schooled' as a euphemism for 'sodomized'? ;-)
THEY do know about ZH.
Yes, they do.
Thanks Krug.
Advertize ZH tool.
PLEASE?
Attack ZH Krug?
PLEASE?
Something bothering you Krug? What's up with Ben's nervous twitch? Is all not well in intellectual paradise?
Just wondering.
Krugman is a slovenly pig man on the same order as Barney Frank.
"OT: Krugman lamely attempts to fight back today against ZH"
Good snag WD...from the link...
"PS: Reading a few comments, I think it’s really important to emphasize that the Fed is only buying agency mortgage-backed securities — that is, the stuff that already has an implicit Federal guarantee. A lot of readers seem to think that the Fed is buying subprime MBS or something like that, handing over money for worthless paper. Not so."
ROTFL!!!...I'm pretty sure Fannie & Freddie are still in conservatorship Paul, meaning they're dead or zombies at least...you twit.
"But it's backed by the full faith and credit of full faith and credit!" </krug>
This whole info sharing, internet thingy is getting to be a pain in his ass.
Krugman? Good G-d, the man has no credibility and was a stooge for Enron. Just let him try to comment once on one of these threads without being tarred, feathered, and run out of town on a rail!
lol and what does the joos say???
Shaul Mofaz aka (Schlomo Goldstein-Baumgartner)
“This unilateral step requires an immediate American response"
What else do you think they pay Obumble for? Besides bailling out there banks and stuff...
.
Laughter?
2, 2, 2 front war. Well played for the sympathy bailout
Good.
I really don't wish to sound completely nutso (although frequently I am accused of that, but I normally stick to only the verifiable facts), but I once dated a lady who was something of an expert on Nostrodamus, and this really is beginning to look like a series of scenarious of some of his quatrains.
If, during the next five to ten years, missiles from North Africa begin to rain down on Europe, he will be proven correct.
(And there was mention of a Negroponte fellow as well....and whenever a high profile assassination has occurred, John Negroponte always seems in to be somewhere in or near the vicinity: Benazir Bhutto --- Negroponte arrived there several weeks prior to her assassination; John F. Kennedy -- Negroponte was then stationed at the US Embassy in Mexico, but was seen in Texas that week, etc., etc., etc.)
Like the Dancing Israelis, he had nothing to do with any of those crimes. He was only there to document the disaster. Somebody's got to do it.
Hey:
Does this mean that Hillary should go to bed early?
No more party time for America's queen.
3:00 a.m. is almost here.
fuck, 3am? i hope that isn't a video phone.
It amazes me that all those jewish farts still need to import gas... What are they doing with all that gas?
Gas, Jews best friend since 1940!
Boohaa!
Are you sure you wouldn't rather deleat that comment. You only hurt yourself with such mindless hatred.
It's not hate, IT'S A JOKE!
It's not forbidden to mock people. It's actually quit fun!
And most jews have their head stuck in their asses so deep, it's the most fun thing to mock!
And second: these peopel walk arround with curls and a idiotic hat all the time over here! How can you take somebody like that serious?
http://berenklauw.files.wordpress.com/2011/01/jood.jpg
Just because you have the right to do something doesn't make it necessary to show you can. Flag-burning jerkoffs are still jerkoffs. They're just using the flag to show they can be a jerkoff.
...Waaahhh Wah Wah. Geez, some of you posters are such whining crybabies....said Frostfan.
hooz whinin now Frostie? Typical crybaby hypocrite, in the finest mazel tov tradition.
Actually I think your the biggest moron on this board for calling everything "hate".
Moron.... Your the problem of our society.
SD, you make fun of lots of Muslims as they walk around your streets, right? I'll bet you keep your mouth shut when they walk by dragging their slave, er woman behind don't you.. Tell us why and be honest.
Pot. Kettle. Black.
Jewish gender segregation campaign turns violent
http://www.google.com/hostednews/afp/article/ALeqM5jdoiICk3hMbP3akFb8gwl...
American girl, 8, is target of ultra-Orthodox Jews in Israelhttp://content.usatoday.com/communities/ondeadline/post/2011/12/american...
Bullshit CA and you know it.. A system of female mutilation, subjugation male and female pedophilia and look you found two instances on the other side good for you.. These two things do not equal one another however. Although I am sure they satisfy your urges to rate all cultures equally. Sudden debt cannot answer the question because the muzzies in the Nethrlands will lop his fucking head off and he knows it. Maybe Geert Wilders would protect his pussy ass.
From the Talmud:
Schulchan Oruch, Orach Chaim 14, 20, 32, 33, 39
"A Jew may do to a non-Jewess what he can do. He may treat her as he treats a piece of meat."
Hadarine, 20, B; Schulchan Aruch, Choszen Hamiszpat 348
"A Jew may violate but not marry a non-Jewish girl."
Gad. Shas. 2:2
"A boy-goy after nine years and one day old, and a girl after three years and one day old, are considered filthy."
Avodah Zarah 36b
They decreed in connection with a heathen child that it should cause defilement by seminal emission so that an Israelite child should not become accustomed to commit pederasty with him.... It is therefore to be concluded that a heathen girl [communicates defilement] from the age of three years and one day, for inasmuch as she is then capable of the sexual act she likewise defiles by a flux. This is obvious!
Avodah Zarah 36b-37a
R. Joseph said: Come and hear! A maiden aged three years and a day may be acquired in marriage by coition [intercourse], and if her deceased husband's brother cohabits with her, she becomes his. The penalty of adultery may be incurred through her; [if a niddah] she defiles him who has connection with her, so that he in turn defiles that upon which he lies, as a garment which has lain upon [a person afflicted with gonorrhoea].
Sanhedrin 55b
Rab said: Pederasty with a child below nine years of age is not deemed as pederasty with a child above that. Samuel said: Pederasty with a child below three years is not treated as with a child above that.24 (24) I.e., Rab makes nine years the minimum; but if one committed sodomy with a child of lesser age, no guilt is incurred. Samuel makes three the minimum.
Sanhedrin 54b
Raba said. It means this: When a grown-up man has intercourse with a little girl it is nothing, for when the girl is less than this [three years old], it is as if one puts the finger into the eye; but when a small boy has intercourse with a grown-up woman he makes her as 'a girl who is injured by a piece of wood.'...
Kethuboth 11b
[This debate concerns whether or not someone is a virgin. Virginity is prized above all, such that it is believed that a girl under the age of three will regain her virginity, even if a man has had intercourse with her. (Fn. 7 says, in regard to putting "the finger into the eye": "I.e., tears come to the eye again and again, so does virginity come back to the little girl under three years.") Since virginity is prized above all, one could assume that this conclusion has allowed grown men to have sex with little girls with immunity. A grown-up woman is not deflowered by having sex with a small boy, however, since he is only like a "piece of wood."]
just out of curiosity, what percentage of US energy resources come from the Middle East?
Less than you think, but more than would be requried in a 'radical free market economy'.
:)
Now try google.
Canada...
But Obummer told Canadians to screw off and sell their gas/oil to China.
No, that's what the pipeline is for that he blocked. So they can get it to port and sell it to China.
Geography. Piping oil from North Central Canada down to the Gulf of Mexico to ship it to China, rather than simply pipe it to the West Coast? That's a lot of extra distance unneccessarily added.
The part of the pipe he is approving, however, does allow oil to more efficiently go from Oklahoma to the Gulf for shipping overseas, perhaps to China, or to Europe. He blocked the part that lowers oil prices and is approving the part that increases oil prices.
The important thing is how much Middle East oil is payed for with US dollars. That is the US real interest in Middle East oil.
It must really be tilting to be the schoolyard bully, and one day, they stop doing what you say and fight back.
Sort of like this: https://www.youtube.com/watch?v=AQiKk5kdivM
Why don't you be more specific? Sometimes real-world examples help. Or maybe your analogy doesn't make sense. Actually, here lying about jews gets you fifty green arrows so just lie away.
No worries Nestle, Coca Cocla, John&John,Pepsi..... and rest of the top world 100 companies will reduce balance sheet to help brothers. They will invent new fuel form by tommorow night.
gosh i wonder what other government has been known to cut off natural gas?
I wish it was a perfect world, I wish rainwater was beer, I wish all anti-semites would move to Iran just before Israel turns it into a sea of glass.
NOW GO GET YOUR SHINEBOX!
you pathetic sac of shit
Nazi Cocksuckers Aplenty.
do yourself a favor and turn off the fox news/CNN/MSNBC...
scum sucking moron
I wonder from where these Jews will eat when American go hungry.
The Department of Hillary, er State had to see this coming when they allowed the Hosni heave ho.
The agenda has to call for violence and military involvement on a widened scale to force the need for further extreme global authoritarian monetary and political intervention, er, assistance.
F*ck Hilary, she's turned the State Department into just another arm of the Pentagon. What a mess we've created, took a generation or more to do so, name the country and we're worse off than if we'd just stayed at home. Our troops and interventionism just created a giant cluster F whether it's Afghanistan or Iraq, now Libya, Egypt, Syria and Iran. We need to leave these countries the hell alone, let them fight amongst themselves, then go in afterwards and trade with them like the Chinese do.
Lets get it right, it's the Dept of AIPAC
Anyone know the names of those responsible for the aid to Egypt? Does Clinton come to mind?
Maybe the Arab Spring will be the precursor of a nuclear winter.....
This is just all totally untrue propaganda.
There is no cut off of fuel to Israel.
Obama told us that we were all gonna love one another, sign Kumbayah and enjoy newly found peace spreading through the agnostic godless democratic Arab Spring.
It's a lie.
Trot out the pink unicorn Jarret!!!...we've got to show the peeps all's well!!!
This does not encourage investment in Egypt...
Yep, the sfinx Tourist statue factories won't prosper with all of this...
Well if the Muslim Brotherhood can live off of tourist dollars you have a point.
.
But those are all imported from China.
They can just buy up all Obammies solar panel companies on the cheap.
Have to buy them from leo he scooped em up..
from Solyndra's dumpster ;-)
This is CIA blowback. It is the same as a financial black swan, but it is political.
The US is entering a geopolitical depression. It is like the financial depression that follows too much credit creation. But, it comes after too much political and military intervention.
No problem -we'll just invade them all. If the Chinese won't loan us the money, the Fed will. All we have to do is print the money. It's worked so far, it will work forever - all you bears who have missed out on the rally need to aacept the fact that Uncle Ben is a genius - he's the Magic man -this time it really is different. You just have to Believe!
"Savvy" is spelled with two "v"s, kinda spoils the effect is you misspell it
See his comments above misspelling savvy is just icing on the stupid cake..
Spelling? Really?
Spelling, yes. If you're going to draw attention to yourself with assinine comments, might want to cross your t's and dot your i's, so to speak. Intelligent people usually tend to such details, as a general rule, so if you're going to challenge them, best you do the same.
Usually I make fun of spelling nazi's but this guy is an idiot so any port in a storm..
Good news! HAHA
if they wouldnt've have been complete assholes to their neighbors, maybe things would've been different; but, they deserve it,
"The only question Israel may want to answer now is whether it wants to get cozy with Russia, whose nat gas it may suddenly be very, very attractive."
Why would they run to Russia when we have an abundance of nat gas at cheap prices. No doubt we will send them LNG (liquified natural gas). Japan is also begging us for our LNG since they no longer want to use nuclear power.
Quite a few long-suffering natgas (the US version, not the European one) longs are waiting for the Transatlantic natgas pipeline to be activated too...
No pipeline required for LNG.
http://en.wikipedia.org/wiki/LNG_carrier
isreali shale gas??
big badda boom
Also Israel has been preparing for this day for over a year. They have not paid for gas for 4 months it is said because Egypt couldn't deliver contract minimums. They have been getting by. They are only a few years from being self reliant on natgas, but with the glut of natgas worldwide, I doubt they would have a hard time filling need.
Plus a gas fired boiler is easily retro fitted to use biomass, coke or just about anything that will burn. The infrastructure is in place, easy peasy. They wont go without power, at worse a small blip in the radar.
Only 9% of Israels power is generated by gas, so a 40% cut from that supply is nothing in the big picture.
It's not about the power. It is about the $ that the power represents. They just lost a 15 year FIXED PRICE contract. That's what's important here.
Get with the program, Israel found enough gas to be independent for decades if not generations. That means free gas ! They wanted out of the contract and got it by non performance. It was probably Israeli ninja's blowing up the pipeline.
Please don't talk to me anymore.
You just don't understand. It's a (faux) Jewish thing, stiffing your contractors. If they're Gentiles, it's something to be proud of.
'They just lost a 15-year fixed-price contract.'
Well, obviously American taxpayers should make them whole on their tragic, unjustified losses.
SLASH SARC!!!
.
Palestinians? Non-Likudnik Israelis? Peace demonstrators?
No need to send Nat Gas.
Israel's Tamar gets $902 mln in natgas financing
http://uk.reuters.com/article/2012/04/22/israel-natgas-financing-idUKL5E...
Correct me if I'm wrong but isn't nearly all NG sold, transported, and consumed in gaseous state? LNG requires compression to make it liquid, and refrigeration for transport. Very energy intensive and requires new capital. So I don't think you can just switch a whole country overnight to LNG shipped from half way around the world.
http://www.washingtonpost.com/business/industries/cheniere-energy-export...
.
The article states that the Sabine Pass liquefaction and export terminal won't be operational until late 2015 or early 2016.
The actual regulatory approval gives them until April 16, 2017, to be operational.
http://ferc.gov/media/news-releases/2012/2012-2/04-16-12-sabine.asp
A lot can happen in four or five years.
The loss of natgas is equivalent to 3.6% of Israels total power grid. That's like asking everyone to run their dishwasher and do their wash in the morning. This isn't a big deal.
If you didn't get paid for 4 months, I doubt you would keep sending your product, well I at least hope you wouldn't. Egypt is lucky they cut it off here and didn't get soaked another few months.
StockProdigy asked:
Currently this is not really possible, for two reasons.
First, even with all the shale gas being produced, the US is still a net importer of natural gas.
http://www2.canada.com/calgaryherald/iphone/news/latest/story.html?id=64...
Second, only one LNG export terminal exists in North America.
http://en.wikipedia.org/wiki/List_of_LNG_terminals
http://ferc.gov/industries/gas/indus-act/lng/exist-term.asp
Bullish for Bullets!!
it is too bad the 400,000 protesters who HATE the Government in Israel will be the first ones killed! and after they are all murdered.. there will be a Peace Accord signed Immediately!
http://www.youtube.com/watch?v=dnB3p9iN_Jc
No need to kill the brain washed / trained populace!
Damn them! Does Egypt have a nuclear reactor we can blow up?
No, they don't. But they do have pyramids, a sign to remind everyone that every super power ends up in the dust.
Who cares? Let them bicker and fight if they wish. Just keep the US out of it. Of course that'll never happen. Like the unwelcomed guest at a house party, the US will undoubtedly step right in and escalate the situation a notch further.
The American-Egyptian frienship is based on personal ties between military people on both sides. The Pentagon is a friend of the military leadership, not an unwelocome guest... The question is more if the Brotherhood is willing to keep this friend of the family or send it away from the party...
Latest was a couple of billion $ in "aid" from America, the Egyptian people and the Brotherhood said they didn't want it and the strings attached, but the Egyptian military said sure we'll take it. That's because they turned right around and sent the money back to the US to buy more fighter jets. Same circle jerk as the Saudis. Like Watergate, just follow the money
They can get all the gas they need from Rotterdam. They need to get specialized LNG tankers to ferry it back to Israel. Oh wait - Obama/Romney will deliver it to their door, no questions asked, no billing issued.
Israel does have dibbs on their own Leviathan gasfield, and which also involves the Greeks being bought out and american Exploiters, liek the clinton crime family and others.
https://en.wikipedia.org/wiki/Leviathan_gas_field
Don't Lebanon and Gaza also have claims on that gas field?
Oh, sorry, I forgot that they're not people.
They have their own maritime areas just like Israel does. By the way, Lebanon aka Hezbollah only started complaining once Israel found something. They think like you do. Israelis find something or invent something and then someone complains the jews stole it.
you finding something in my backyard, doesn't make it yours.
True. But calling land your backyard that you had never said was yours before and you have never claimed was yours before like Lebanon is doing now makes it more complicated, doesn't it.
Hold on a minute. If I was going to turn my neighbor's gas off why would I tell him ahead of time unless I wanted slapped upside the head?
Something doesn't make sense, no?
http://www.youtube.com/watch?v=Z3tyy5wjmD8
http://www.youtube.com/watch?v=M2oYQaDJMUU&feature=relmfu
122 Trillion qubic ft, is that a lot?
http://www.youtube.com/watch?v=bn-4IEQRq8k
energy is wasted and will run out someday.
http://expose2.wordpress.com
The sin's of the west are coming back to haunt them once again, having backed Mubarak - that some would say is/was far worse than Saddam and Bashar al-Assad combined!
'The Neo-Nasserism of Egypt'___ http://en.wikipedia.org/wiki/Nasserism
Remembering the, '1973 October War' ___ http://en.wikipedia.org/wiki/1973_October_War
,... and how can we [?] forget the blunders of Anwar El Sadat being, 'NOT' outflanked, yet leaving a humongous gaping hole in his line of defense open --- ie. Sinai Peninsula & Golan Heights virtually giving a trojan-horse victory to Israel? __ http://en.wikipedia.org/wiki/Anwar_El-Sadat
jmo
Those snorgtees have been f'n bothering me all day and now I have to put up with this shit.
Heard the redhead was hawt...all I'm getting is a Tiffany ad.
Go google search some t shirts Newt, you'll get some snorg ads that way.
With this behavior from their neighbour, Israel has a good business case to build a LNG import terminal.
What about the Environmental Impact Report and EPA approval, senate hearings, campaign contributions, travel and...
Oh wait. It's not in the US.
LOL
Good grief I got carried way there.
But WTF, travel, campaign contributions, hearings, press briefings, speeches all still make sense.
Horse shit as normal.
This pleases me. (Is the NSA watching us?)
What a nice group of grassroots jew-haters in this blog ! Well I am sorry to disappoint you but Israel has three huge underwater gas-fields ( Tamar - Leviathan ) plus one onshore gas trove ( Rosh Ha Ayin ) enough to cover domestic consumption and to export to Europe worth a billion $ / year. Actually there is new strategic alliance between Israel-Cyprus-Greece to cover together all the drilling project. So the muslim brotherhood gang can keep their natural gas to roast their camels. And you american dummies you can always cheer your great strategic mind President Barack ZOB-UMMA ( the arab speaking crowd will get the pun ) who so elegantly discarded Mubarak , a 30 year loyal ally who kept a free flow of oil ( 20% of world consumption ) for your ever thirsty US " muscle-cars ". It's always fun to read your jew-hater rant , when you speak from your belly, you bunch of joe-6-pack.
i dont get it
no jew hater here...but Mubarak may have neg. a shitty gas contract for his country, and Israel still has sovereign issues over the rights to those gas fields with other countries.
oh and without the help from the US.....Israel would not exist!!!!!
yo Mr Brilliant .... the UK created Israel; the USA did NOT! Methinks you are not a propagandist but just a 'usefuil idiot' as Stalin would say .... but get your specifics clear.
and for the record ., all the world lefties like to cite the USA for topplling Mossadeq in Iran when if anyone had a hand in it, it was the UK. "BP" was once known as 'Anglo-Iranian Oil Company' ....and Mossadeq created his own vulnerbility (go study it you lazy b*stards instead of reading lefty propaganda stuff ... which is typical western news media ) .... the USA was too preoccupied with the emerging Cold War to care about Iran .... for the UK it was different .... much, much different. And before you attack me for challenging your own idiocy ... first go research this "thoroughly" then come back and 'attack; if you dare!
Final Test Question for all the mensas here: How did the USA in the emerging Cold War get caught severely off sides not just once but twice in Korea so it took the Ist Marine Division to save North Asia from communism (yeah, even Japan was struggling with domestic communism into the early 1960s? ... again you doubt me ... go research it!). The initial invasion and then the end of the year border envelopement by massive PRChina armies ensconced in NKorea (totally 'missed' by the USA/UN forces). That was not MacArthur's fault but either the Pentagon (doubtful) or a mole in the Truman White House could explain how this feasibly happened. Doubt this? Go read up on one of the least reported upon scandals of the 20th Century... Mao Tse Tung was manipulating the USA reliance on' electronic' eavesdropping (brilliant by Mao, you have to admit) to 'sell' false intentions to the USA. Not even the Russians knew this. But keep reading your 'esteemed' western news media which cannot even come to report on the recent German lawsuit against the Bundesbank for issuing 'secret' "perfidious" (a German/continental legal 'cause of action') which could blow the whole EU project up. Hat Tip to the indominitable Wolf Richter read only at ZeroHedge).
The above is really for the euro-sophisticates who love to come here to get their beloved 'reality' check on their 'despised' USA. Most Asians know the score .. but Europe just seems to love to delude itself into fantasies like the Euro and EU Union and permanent ly expanding 'entitlements'.
Good stuff Reaction.
Share links if you have them. Be not stingy.
ori
You sound mad.
SO YOU'RE GONNA SAVE US!!!
-Greece
I junked ya for being not including the words 'food trough water' in a sentence... and saying 'sorry' when you obviously didn't mean it.
Yep, those gas fields are interesting...especially near Cyprus.The obvious comedy of Turkey attacking at the same time Egypt does could result in serious FAIL.
Egypt builds M1 abrams tanks.Imagine how a new armor attack across the desert might look with their current armor.
Israel should get a clue and start behaving in a human way...before it's too late.
I'm actually more of an Alfred 4-pack of microbrew.
Muscle car? Sheesh, those things are up to $50,000 and get 6 miles to the gallon. Lots of fun if you can afford it but...
There are some who have a distaste for the tribe, don't take it personally. The financial shenanigans of Wall Street haven't helped, but there is no shortage of Mormon and Presbyter old-money blue-bloods sucking up their share along with the Blankfeins.
In case anyone was wondering why they were cosying up to the Cyprus and its offshore gas fields with "strategic alliances" for the past year.
http://www.prophecynews.co.uk/content/view/1927/2/
http://flashtrafficblog.wordpress.com/2012/03/28/now-russia-wants-in-on-israels-natural-gas-industry-and-israel-proposes-selling-its-natural-gas-to-arab-neighbors-to-encourage-peace/
http://bible.cc/1_thessalonians/5-3.htm
FYI
Russia offers to help pay Cyprus debt - offering a $3.5bn low [0.25% - 0.75%] interest loan, Oct/ 2011
The fucking shenanigans in the NG pits last week were a clue that something was in the works.
Will be interesting to see what happens with NG this week.
NG prices are NOT global, they are regional / continental...
for now.
Looks like US needs another round of liquidity injection. Sometimes, raising $100B a month is pretty tough job.
Right, Obama needs the jewish vote and will find a way to apease them.
US will pay the bounty to Egypt, thanks to us southern christians.
That prick Netanyahu must have steam coming out of his ears. He sits day after day with his finger mms away from the red button.
Just one slip!
And he was having such a good day seeing Sarkozy be owned by Hollande!
Thumbs up for Art Cashin!
this is NOT the beginning of a war. this is the beginning of a renegotiation.
Sometimes i feel relieved that my country hasnt got any important natural resources..
Money abhors a vacuum. Someone will come along to sell them what they lack. Its the money that's going to be the problem. Wont hurt them too bad but it will be more than theyre paying now.
Blowback is such a bitch.
...yes it is. http://bible.cc/revelation/14-8.htm
http://bible.cc/revelation/2-17.htm
http://bible.cc/matthew/4-6.htm
http://bible.cc/zechariah/12-3.htm
http://www.biblegateway.com/passage/?search=Daniel+2%3A34&version=KJV
http://www.youtube.com/watch?v=4zdoXgGnKdc
Better stand fast and do no harm, all of us as individuals, or our shit shall be in the wind.
...and HELLo Mr. Down Arrow. So, you have no mercy blowing back, lol, brilliant.
I know this country in the Western Hemisphere that's has a very good relationship with Israel with a lot of natural gas. So much so that the price has falled like 60% over the past 9 months because they have so much of it. Interestingly enough, this country doesn't export any of it despite the fact that they're running out of storage and their wells continue to produce more and more gas every single year. I think this country was once called the United States, but I don't recognize it any more. I'd know it if I saw it on a map.
We'll send them all the gas they want via unicorn caravan.
If only the Syrians and the Palestinians would turn off their water, that would stop the crap.
Shit is fucked up and stuff, no doubt about it. Things are starting to properly spiral out of control. Stuff that seems utterly reprehensible and revolting to one nation, seems perfectly reasonable and even honest to another. This is getting serious now.
But if enough of us step up and convince everyone we know that the only way forward from here is co-operation and not confrontation, we may yet still all come out alive.
Fuck me, I'm in a grim mood tonight.
diversions to the nth degree, makes me sleepy
So are we going to 'Liberate' Egypt and return Mubarak to power?
Egypt will do as the joos instruct their usa puppets to tell them to do. Joobux for natty, or else no more fatty.
How is this a problem? The US is swimming in NG, they can buy it from us.
.
How will they take delivery? In shopping bags? On wood pallets?
"Egypt just announced that it is cutting off its natural gas supplies to Israel.. relies on Egypt for 40% of its energy needs."
Holy Crap!!
The obnoxious bully-boy Israeli State better learn some kid-glove diplomacy rather than throwing their fat-headed weight around ...fast!
impossible, they know no other way. exactly why the world is FINALLY waking up to their tactics in disgust.
WSJ has a story out at: http://online.wsj.com/article/SB1000142405270230345900457736021347547968...
Notable quote: "The decision will not cause any serious economic damage for either country ..."
No worries, the usa mic can wage ten wars at once!
Germany needs to step up and offer them free gas... You know, like the old days.
Germany needs to step up and offer them free gas... You know, like the old days
Same apply to the 10 million Christians Uncle Adolf also slaughtered?.
Convienently a side note of history.
I guess Israel was offering "Reserves" from the US Fed in exchange for Nat Gas. Even the generals in Egypt understood the game of RESERVES.
If Israel/USA offer something real that egyptians could use, not some "electronic reserves", I'm quite sure they won't any problem exchanging the Nat Gas with those things, not freaking "reserves". What a hateful word.