Kuwaiti warns saboteurs could double the price of oil within days.

by luigi1- in god we trust Posted 2011/02/06 17:49:44

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		This could derail a world wide economic recovery.
		This is worrisome.
		This crisis will die down.
		There is nothing we can do about it.
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	This could derail a world wide economic recovery.	1 vote	50%
	This is worrisome.	1 vote	50%
	This crisis will die down.	0 votes	0%
	There is nothing we can do about it.	0 votes	0%
	Undecided. Other comment.	0 votes	0%

Saboteurs attack Egypt gas pipeline to Jordan.

CAIRO (AFP) – Unknown saboteurs attacked an Egyptian pipeline supplying gas to Jordan, forcing authorities to switch off gas supply from a twin pipeline to Israel, an official told AFP.

The attackers used explosives against the pipeline in the town of Lihfen in northern Sinai, near the Gaza Strip, the official said. It was initially thought the pipeline to Israel was attacked.

"The pipeline to Jordan has been attacked and the supply to Israel has been cut off," the official said.

Read more. See links below....

http://www.huffingtonpost.com/2011/02/06/egypt-unrest-may-cau...

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luigi1- in god we trust 2011/02/06 17:50:58 (edited)

This is worrisome.

Within the last 30 days there have been attacks on oil pipe lines in Russia, Nigeria, Yemen & now in Egypt.

The USA is now in worst shape to cope with a doubling of crude oil prices. We have shut down off shore, Alaska, west Texas oilfields & idled all but two major refineries in the USA. We are setting ourselves up for total dependance on OPEC.

History hasn't taught us a thing. How quickly we forget the 1973 Arab Oil Embargo.

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