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[quote=Anonymous][quote=Anonymous]Lucky Israel...

The Guardian: "In 1975, Kissinger signed what forms the basis for the Haifa project: a Memorandum of Understanding whereby the US would guarantee Israel's oil reserves and energy supply in times of crisis. . . 
The memorandum has been quietly renewed every five years, with special legislation attached whereby the US stocks a strategic oil reserve for Israel even if it entailed domestic shortages - at a cost of $3 billion (£1.9bn) in 2002 to US taxpayers." [/quote]

(1) This was in exchange for Israel giving the Sinai desert to Egypt.

(2) it's part of an international reserves-sharing agreement among many nations.

"(b) If the oil Israel needs to meet all of its normal requirements for domestic consumption is unavailable for purchase in circumstances where' quantitative restrictions through embargo or otherwise also prevent the United States from procuring oil to meet its normal requirements, the United States Government will promptly make oil available for purchase by Israel [b]in accordance with the International Energy Agency conservation and allocation formula as applied by the United States Government, in order to meet Israel's essential requirements.[/b]

https://jewishvirtuallibrary.org/israel-united-states-memorandum-of-understanding-1975

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