Obama Refuses to Renew 40-year-old Emergency Oil Supply Pact with Israel; Careful Obama, Your Anti-Semitism is Showing

By Elizabeth Nelson

Obama tried to do to Netanyahu and Israel, what he did to our Country during his elections, only he was trying to sway another country's election, by telling Herzog, "It's easy to fool sheep. Convince them 'hope and change' is a policy and a plan and your opponent is racist and divisive. However, don't forget to bus in Arabs, from across the border, to fill the ballot box." But it didn't work, their people aren't as gullible as Americans.  Sure, the real Obama showed out, but God showed up and miraculously Netanyahu won.

Now Obama is trying another route, cripple their oil and credit. Our 40-year-old Emergency Oil Supply Pact with Israel expired November 2014 and Obama has refused to renew a historic pact that Israel has never invoked but has used to borrow against.
Its importance lies in its very existence. 

The oil supply agreement enables Israel to obtain commercial loans at low rates of interest. “Israel used the loan guarantee agreement very sparingly, but it is important that the loan guarantees agreement should exist, and the same applies to the energy agreement that guaranteed a regular supply of oil,” the source said, “we never used it, but it’s important that it should lie signed in a drawer.” Read more Jewish Press

The birth of a strong alliance and bond between friends? The agreement was first signed in 1975 during the Ford administration, after the Yom Kippur War and following the second disengagement agreement between Israel and Egypt, under which Israel agreed to withdraw from the Egyptian oil fields in Sinai. The agreement by the US to guarantee Israel’s oil supply in emergencies was one of the most important of the incentives that motivated Israel to give up the oil fields, making them reliant on others.

One of Carter's greatest achievements was the Camp David Agreement, in 1979. Israel and Egypt signed the Camp David Agreements, which were accompanied by two agreements between the US and Israel in the format of the 1975 agreement. In these agreements, the US gave Israel guarantees that Israel would have access to American oil if it was unable to supply the demand of its internal energy market because of war constraints or sea line problems and would even go so far as to assist in transporting the oil to Israel, if Israel was unable to appropriate the required oil tankers.

The two agreements were eventually consolidated into one document. The agreement was set to last for fifteen years, and was supposed to have expired on September 25, 1994. At that point, the Clinton administration extended the agreement for ten years, and in 2004 it was extended for a further ten years. As mentioned, it expired in November 2014, and nothing has been done about renewing it.

The agreement was first signed by the Ford Administration in l975, signed again in 1979, extended by the Clinton Administration in 1994 for 10 more years and again extended for another 10 years in 2004, Globes reports.

State Department sources told Reuters in November they were "in close contact with the government of Israel on extending the longstanding memorandum of understanding," but nothing has been announced since then.

The lapsed agreement, which Israel has never used, states that the U.S. will sell emergency oil to Israel if the price Israel pays rises 20 percent above the average of "several benchmark crudes" or if Israel loses 22 percent of its oil from suppliers, provided the U.S. has sufficient oil, the Chronicle states.

"The Obama administration’s relationship with Israel has been seen as deteriorating, especially as the administration engages in talks with Iran about its nuclear energy program," the Daily Caller notes.

"Israeli Prime Minister Benjamin Netanyahu has been highly critical of these talks, and it’s no secret the Obama administration has been frustrated by Israel’s criticisms of a nuclear deal with Iran." Read More Newsmax

When someone shows you who they are, you believe them and don't make excuses for their bad behavior. Anyone who believes Obama isn't an anti-Semite is either an anti-Semite themselves or chooses to be blind, deaf and dumb to the truth.  

Everything in this man screams how much he hates Jews, Christians and anything American, but many in our Country willingly turn a blind eye to this man, even after almost two terms of his unlawful behavior, and it blows my mind. 

@.carreramae @netanyahu @SpeakerBoehner Watch the GOP blame Obama, ensuring that this will also be their fate in 2016. #GOPWantsWar
— Dani (@Dani041480) March 13, 2015

Fortunately, for US security, the Israeli people aren't as gullible and blind as the American people obviously still are, even after almost two terms of Obama, he was unsuccessful in his attempt to overthrow incumbent President Netanyahu. America is safer for Obama's habitual failure.  

We all know, by now, Obama didn't call Netanyahu the day of or even the day after he won to congratulate him on his victory. Heck, his first call was probably to Iran's President Hassan Rouhani to console and commiserate with him over Netanyahu's miraculous victory.