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Choose the Winner: Israel or the Majors (Oil Companies)
Natural Gas Rig
(San Francisco) – Israel has “found” at least 23 Trillion cubic feet of Natural Gas in the Mediterranean, a good portion of which “belongs” to Gaza and Lebanon.
Israel says, in effect, “Screw that.”
The gas and Oil is ours to take and sell. We are the strongest militarily in the area and have global thermonuclear weapons – lots of them. Get used to it.”
Israel, with the Israel Defense Forces as enforcers and guards will suck the gas and oil out of the ground and sell it as fast as they can, from the edges, to steal it away from their neighbors – the Lebanese and the Palestinians.
That will depress world Natural Gas prices world wide and kill the plans of the Major Oil Companies, who are buying up Natural Gas companies.
The Major Oil Companies are very anxious to raise prices a little bit on Natural Gas so they can also raise prices on gasoline. The two fuels have always been closely tied to each other.
The US Government is easily pushed around by Israeli hard ball politics; but, the Majors are not, not at all. The Majors will want to restrict production of Natural Gas to raise prices.
Israel will want to dump 23 trillion cubic feet of Natural gas over a period of a few years in the world Natural Gas Market as fast as they can to keep it from their enemies, the Lebanese and the Palestinians.
Both cannot happen at the same time.
My bet is that Israel will win against the Major Oil Companies and Natural Gas Prices will be depressed for several years.
Why? Simple. Israel, their Intelligence Agency, the Mossad and their bank cronies have more money to buy politicians and US Government “Policy” than the major Oil Companies do.
The US Government will do as they are paid and told to do.
Short URL: http://www.veteranstoday.com/?p=37982
Posted by Bob Nichols on Jun 28 2010, With 0 Reads, Filed under Politics. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.
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How much of the Natural Gas belongs to Gaza?
Probably about US$6 Billion dollars worth according to the Noble Drilling Company of Oklahoma, Houston and points worldwide.
The IDF doesn’t want them to get any cash; the Palestinians want the money.
When will the world wake up to the fact that it has one enemy, ISRAEL.. The mideast bully has bought our D.C (Demented Congress) politicians lock stock and barrel…
About two weeks ago the Neocon shill Larry Kudlow was trying to make the case that BP’s greatest sin wasn’t the Gulf oil spill, but its trading with Iran, which strongly suggests Israel is already fomenting trouble for at least one major, BP.
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anst-semites lose and and always will lose. Come on eat your heart ourt on what jewish knowledge can do. Look it up in youtube anti-smites
Have the author looked at a map? The fields are off the coast of Israel. They are not off the coast of Gaza. One of the fields may run slightly into Lebanon, but no one knows for sure. And it’s Hizbullah that are threatening jihad, not the Israelis.