The Hamas in under control of Iran and they do definitely want higher Oil prices as well and The Russians like Putin have a high interest in higher prices as well - its not a coincidence that they at the same time as Israel attacks Gaza do make this big fuss about Ukrainian supply and cut off the supply for Europe (from Germany to Turkey ) to get more momentum under rising energy prices. It sounds cynical to claim that those lives lost in this area used to gather profits but that is easily explained if your scrupulous enough. Around 80 mil barrel a day the difference of 10 Dollar makes a difference of 800 mil dollar per day. Israel claims it lost around 50 mil Dollar in those 10 days - lets remember they get at least 10 bil aid from America per year and that the people who make now 800 mil per day more profit can easily compensate for that 'loss'.
Furthermore this has another purpose as its a complex operation, Mark Faber said correctly we are at the brink of WW3 as the attack on Hamas wi,ll trigger a reaction from Iran who had claimed months ago an intrusion in Hamas territory would trigger retaliation. As we had read in an Israel Newspaper Bush had asked Israel not to attack Iran under his term. This intrusion of the Gaza is very likely the preparation of a nuclear strike against I ran sometime soon as they do advance in their development of Nuc weapons and only can be stopped by a severe distruction of the production facilities which will be well protected and only extremely strong weapons have a chance to destroy them.
A strike on Iran would at least double oil prices as you can imagine easily and I can tell by astrology and other sources that something very destructive can/will happen around end of Q3/early Q4 this year
Excerpt Bloomberg
Russian Dispute With Ukraine Worsens, Hitting Europe (Update1)
By Daryna Krasnolutska and Rachel Graham
Jan. 6 (Bloomberg) -- Russia’s natural gas dispute with Ukraine worsened, shutting off fuel shipments to Europe for the first time in three years and driving energy prices higher.
Russia and Ukraine blamed each other for the cuts as gas shipments from OAO Gazprom through Ukraine plummeted and deliveries to the Balkans were halted at the Romanian border.
The dispute, a repetition of a 2006 conflict, caused U.K. gas for immediate delivery to jump as much as 18 percent and led Bulgaria to call for emergency limits on fuel use. Three years ago Russia turned off all Ukrainian gas exports for three days, causing volumes to fall in the European Union, while it also cut shipments by 50 percent in March during a spat over debt.
“Gazprom does not have much of a pressure mechanism left except for further cuts,” Eugen Weinberg, senior commodity analyst at Commerzbank AG in Frankfurt, told Bloomberg Television. He said Ukraine is in a “comfortable” position. “Their gas reserves are enough for them to keep functioning.”
Gazprom Deputy Chief Executive Officer Alexander Medvedev told Bloomberg Television that Ukraine shut three export pipelines and said “unilateral action of the Ukrainians” caused the shortfall. NAK Naftogaz Ukrainy spokesman Valentyn Zemlyanskyi said Gazprom cut shipments to Europe through Ukraine to 74 million cubic meters, compared with about 300 million normally.
Bulgarian Supplies
The moves came after Russia and Ukraine agreed yesterday to resume talks on their dispute and as Gazprom warned that Ukraine risks amassing a debt of “billions of dollars” if the conflict continues. Russia, which supplies a quarter of Europe’s gas, cut shipments to Ukraine on Jan. 1. Naftogaz Chief Executive Officer Oleh Dubina said he would travel to Moscow on Jan. 8 for talks on the dispute.
Russian gas flows to Bulgaria, Turkey, Greece and Macedonia were halted at the Ukrainian-Romanian border, Bulgaria’s Energy and Economy Ministry said.
Gas shipments at the Ukraine-Romanian border were stopped at 3:30 a.m. today, the Bulgarian ministry said. Gazprom pumps 17.8 billion cubic meters of gas a year through Bulgaria to the four countries under a 30-year contract signed in 2006. Bulgaria consumes about 3.5 billion cubic meters of that volume.
Bulgaria raised supplies from its only gas storage facility at Chiren today to 4.3 million cubic meters and called for emergency measures, the ministry said. Russian gas flows through Ukraine and then Romania to the southern Balkan states.
German Cuts
U.K natural gas for immediate delivery gained 18 percent to 70 pence a therm, a two-month high, as of 10:11 a.m. London time, according to broker Spectron Group Ltd. That’s equal to $10.29 a million British thermal units. A therm is 100,000 Btus. Gas for tomorrow climbed 14 percent to 69 pence. Gas for delivery tomorrow jumped 15 percent, also to 70 pence a therm.
Jonathan Stern, director of gas research at the Oxford Institute for Energy Studies, predicted the dispute will be resolved by Friday while saying in a phone interview a resolution is “unlikely” before then because of a national holiday in Russia.
E.ON Ruhrgas AG, the natural gas unit of Germany’s biggest utility, said it would experience “significant” cuts in gas deliveries, with Russian supplies piped through Ukraine forecast to fall to zero at the Waidhaus gas transit point on the German- Czech border in the course of the day.
Austrian Shortfall
The utility said it would still be able supply clients as it sourced the fuel from and through other countries. Germany’s BDEW energy industry group said today that the same is true of its rivals. Russia, which supplies a quarter of Europe’s gas, cut shipments to Ukraine on Jan. 1.
“Our options will also reach their limits if these drastic supply cuts continue and temperatures stay at their very low level,” Bernhard Reutersberg, Chief Executive Officer of E.ON Ruhrgas, said in a statement.
OMV AG, central Europe’s biggest oil company, reported a “significant” cut in Russian gas supplies today. It said Russia warned overnight of a 30 percent to 40 percent reduction in supplies to the Baumgarten hub today, and further cuts in the early hours of this morning meant 10 percent of Russian gas was being delivered. It said supplies to Austrian customers were unaffected for now.
Czech Prime Minister Mirek Topolanek said a dispute between Russia and Ukraine on gas prices is becoming “more serious” and the effects are spreading across Europe.
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