US Fails to Renew Israel Oil Supply Agreement
UPDATE: On April 13, 2015, U.S. and Israel Signed Extention of Oil Supply Agreement. To read the Press Release in full, Click HERE.
A recently published article in Globes, Israel’s business news publication, states:
“The US has not renewed a historic agreement under which it guaranteed a supply of oil to Israel in emergencies, that is, instances in which Israel might be cut off from its regular commercial sources of oil because of war or closure of sea lanes.”
This failure to renew Israel’s emergency oil supply agreement highlights the importance of Zion’s mission to bless Israel and her people by discovering oil in the Land to help to establish Israel’s political and economic independence.
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