Article

2011-11-10 Africa North

Explosion hits Egypt's gas pipeline to Israel

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Posted by 2011-11-10 07:25|| || Front Page|| [11123 views ] Top

#1 This is what happens when you let cousins marry for a thousand years. The military morons let Islamist morons destroy a source of income needed to purchase food when the income from tourism and overseas loans/aid is drying up. Food prices are already shooting up and blowing up the pipeline will just accelerate Israel's search for alternative the money that would have gone to Egypt will now go elsewhere and probably hasten the end of any energy purchases by Israel and possibly others of Egyptian gas. Who wants to deal with crazies who wont honor contracts.

Posted by Vortigern Hupoluse1541 2011-11-10 08:58|| 2011-11-10 08:58|| Front Page Top

#2 The US is beginning to export gas. A customer with foresight would lock in supplies now.

Posted by Eohippus Phater7165 2011-11-10 10:44|| 2011-11-10 10:44|| Front Page Top

#3 ...except FDR showed what the federal government would do with such exports. [Hint - He cut the Japanese off because of their actions in China leading to the Japanese looking to the south for replacements and war.] Lesson - don't rely upon Washington being benevolent if it has an agenda that would effect your existence.

Posted by Procopius2k 2011-11-10 11:23|| 2011-11-10 11:23|| Front Page Top

#4 Care to give odds? It would be a lot easier to cut off the $3B/year government subsidy than negate commercial contracts.

Posted by Eohippus Phater7165 2011-11-10 11:27|| 2011-11-10 11:27|| Front Page Top

#5 Israel has shale. Can you say FRACK!

Posted by Water Modem 2011-11-10 11:34|| 2011-11-10 11:34|| Front Page Top

#6 The new F word.

Posted by Abu Uluque 2011-11-10 12:27|| 2011-11-10 12:27|| Front Page Top

#7 as in
Fracking Freedom

Posted by bman 2011-11-10 16:39|| 2011-11-10 16:39|| Front Page Top

#8 I read that Israel has large amounts of untapped oil and gas.

Posted by JohnQC 2011-11-10 18:29|| 2011-11-10 18:29|| Front Page Top

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