Did you know that by law the US guarantees Israel's oil supply - no matter what?

News Type: Opinion — Seeded on Sun Nov 4, 2007 8:42 PM EST

Article Source: Wake Up From Your Slumber

us-news, iraq, israel, middle-east, oil, usa

Under a 1975 Memorandum of Understanding (MOU) the USA guaranteed all Israel's oil needs in the event of a crisis. This Memorandum of Understanding is quietly renewed every five years. It commits U.S. taxpayers to maintain a strategic U.S. reserve for Israel, equivalent to $3 billion in 2002 dollars. Special legislation was enacted to exempt Israel from restrictions on oil exports from the USA. Moreover, the U.S. government agreed to divert oil from the USA, even if this causes domestic shortages. The U.S. government also guaranteed delivery of oil in U.S. tankers if commercial shippers become unable or unwilling to carry oil from the USA to Israel.

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{"commentId":2092925,"authorDomain":"gatorhater"}

gatorhater

It would fall in line with this..

Events from October, 1973...

Thus started the subtle, opaque use of the Israeli bomb to ensure that the United States kept its pledge to maintain Israel's conventional weapons edge over its foes. There is significant anecdotal evidence that Henry Kissinger told President of Egypt, Anwar Sadat, that the reason for the U.S. airlift was that the Israelis were close to "going nuclear."

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{"commentId":2092925,"threadId":"171486","contentId":"1073263","authorDomain":"gatorhater"}

1 vote

#26 - Tue Jul 1, 2008 9:08 AM EDT

{"commentId":2093701,"authorDomain":"keld"}

Keld Bach

Very interesting piece. Thanks for the link.

{"commentId":2093701,"threadId":"171486","contentId":"1073263","authorDomain":"keld"}

#26.1 - Tue Jul 1, 2008 10:54 AM EDT

{"commentId":2093722,"authorDomain":"krishna109"}

krishna-167929

Very interesting piece. Thanks for the link.

You're quite welcome :-)

{"commentId":2093722,"threadId":"171486","contentId":"1073263","authorDomain":"krishna109"}

2 votes

#26.2 - Tue Jul 1, 2008 10:57 AM EDT

{"commentId":2097287,"authorDomain":"gatorhater"}

gatorhater

Keld Bach
In case you are actually replying to my post, ...You are welcome!!.

{"commentId":2097287,"threadId":"171486","contentId":"1073263","authorDomain":"gatorhater"}

#26.3 - Tue Jul 1, 2008 5:10 PM EDT

{"commentId":2098177,"authorDomain":"keld"}

Keld Bach

I was. Although I haven't had time to read it all yet. I guess there are more than one reason (or explanation) as to why the US supports Israel so heavily, and this could very well be one of them.

{"commentId":2098177,"threadId":"171486","contentId":"1073263","authorDomain":"keld"}

#26.4 - Tue Jul 1, 2008 6:38 PM EDT

{"commentId":2098524,"authorDomain":"gatorhater"}

gatorhater

That and the "children of Israel" as quoted in the book of Revelations, from the Bible. That concept resounds with many U.S. Christian beliefs.

{"commentId":2098524,"threadId":"171486","contentId":"1073263","authorDomain":"gatorhater"}

#26.5 - Tue Jul 1, 2008 7:17 PM EDT

{"commentId":2123343,"authorDomain":"ryan-jas"}

ryan-jas

Last I checked an MOU is not 'law'.

{"commentId":2123343,"threadId":"171486","contentId":"1073263","authorDomain":"ryan-jas"}

#27 - Sat Jul 5, 2008 2:01 PM EDT

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KELD BACH

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Did you know that by law the US guarantees Israel's oil supply - no matter what?

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