A Definitive End to the Massacre of Palestinians

Embargo Oil Exports to the World, not Just to Israel

Hossein Askari

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I have argued for days that if the world was starved of oil and natural gas (liquified natural gas or LNG and pipe gas), the United States and the rest of the West would pull the plug on Israel. And without their military, financial and political support, Israel would have little choice but to compromise — end its massacre of innocent Palestinians in Gaza and in the West Bank, end its continual and illegal seizure of Palestinian land, make territorial concessions needed as a result of its history of ethnic cleansing and come around to a two state solution. It is heartening that Muslim leaders are today gathered in Riyadh to discuss the war crimes and the ethnic cleansing, which could well amount to genocide, that we see unfolding before our very eyes.

This meeting could be the start of a wake-up call to the world if it charts an effective path that is focused on oil and natural gas.

Today’s world is still reliant on oil and natural gas. A shortage of oil and gas would drive up energy prices, fueling global inflation, leading to a global recession and creating massive unemployment. In short economic, financial and political mayhem. Presidents, prime ministers and legislators would see the light and force their will on Israel, the country that many of them have for years blindly supported under the pressure of the Jewish lobby and Israel’s recourse to playing the victim card.

To do the job, the oil/gas weapon must be effectively designed. An embargo cannot be selective, used only against the United States and a handful of other Western countries. Let me explain.

Remember the Arab oil embargo of 1973/1974. King Faisal of Saudi Arabia, the last Arab leader to show authority with a backbone, responded (including support from other Arab oil exporters with the underhanded exception of Iraq) to the rapid inflow of arms to Israel by imposing an oil embargo to the United States and the Netherlands. This embargo initially caused little pain around the world. Why? Iran, a non-Arab country, diverted its oil exports to the United States and the Netherlands while Arab oil exporters switched the exports they had been sending to the U.S. and the Netherlands to countries…

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Hossein Askari

MIT engineer-economist. Prof: Tufts, UT-Austin, GW. IMF Board. Government-Mediator Iran, Saudi Arabia, Kuwait. Econ-Finance, Oil, Sanctions, Mid-East, Islam.