Oil above $47 on Gaza, Russia gas row
According to Reuters: LONDON (Reuters) - Oil jumped to a three week high on Monday after an Iranian military commander called for an oil boycott over Israel's offensive in the Gaza Strip, and as the Russian gas export row stoked fears for European energy supplies.
An OPEC source told Reuters that the Iranian call would not sway other members of the Organization of the Petroleum Exporting Countries. Read the full article at Reuters: - So, the Iranian military commanders actually acting what I had feared to rally support for Oil Supply Embargo against Israel supporters...but the rest of the OPEC nations won't sway due to "political" or "economical" reasons....possibly social problems also. These may be the start of the media propaganda spreading that any oil disruption is not the fault of OPEC and cannot hold accountable to any supply disruption due to "WAR" reasons but sticking to the gun on price of oil being too low and use it as an excuse to cut oil supply. So regardless of what Iran Military Commanders are spewing out "threats" against Israel's backers using the OIL Weapons...does that mean they may also cut oil supply themselves and destroy a major contributor of their own economy? Israel may soon find legitimate "Hamas" guy to "surrender" all information on the source of rockets and other caches of weapons....and once the evidence has been established and the finger may point towards their long suspected enemy but with rock solid evidence...they can act swiftly... If the weapon caches ever found to be contaminated with any chemical, biological or nuclear.....I can assure you Israel will strike immediately...as the rockets currently had extended range to reach deeper into Israel. What will Israel do next? Heard from bloomberg that Israel literary cut Gaza into half now and moving on to "surround" Gaza but not yet enter the most populated zones. Gaza had since lost their supply of food, water and electricity to most of their buildings and face uncertain future surrounded by Israel attack using tanks, soldiers and helicopters. I should rename Gaza as "hell on earth". Well, according to the western media...Hamas have to blame themselves for the relentless rocket fire into Israel causing much fear and anxiety to the civilians of Israel for a very long long time. This I must admit that it might be true... However, if the Hamas are really controlled by another country under heavy "incentives" to attack Israel using "free" weapons and rockets...Hamas may not have much of a choice but continue their rocket attack. Probably this major war may once again deepen the global divide among the Muslim Nations & the Western Nations....and add more misunderstanding among them. Now the media war is firing up their usual propaganda news and covering up this severity of this conflict to hopefully reduce the tensions among the Muslim nations of the world...but the Islamic news agencies are FULL Force on their victim story out 100% with every updates of babies that got killed by Israeli attack...and etc. The ultimate loser will soon be the civilians of the WORLD as Iran now on the verge of trying to sway the rest of the OPEC nations to cut supplies to Israel supporters....which may cause a even greater conflict in the world. However slim the chances are...do get prepared to have oil supply disruption...that does not means not driving for a week...but zero food truckers, zero medicine deliveries, electricity rationing, water supply may get disrupted if electricity get cut off for countries that relies solely on fossil fuels, natural gas to be super expensive or cut off due to more demand....basic supplies to big cities may cease. That means...no water, no food, no electricity, no jobs, no law & order....chaos. However slim the chance may be.....just be prepared.
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