Real Wealth #239 07/06/2009
Israel Gets Nods From Obama Administration and Saudis on Iranian Attack
Dear Gold & Energy Advisor Subscribers,
Oil is getting spanked. Fears of deepening recession and weaker consumer demand for gasoline has been driving oil lower in the last two weeks. But before you dump your energy investments keep in mind a very serious supply
The likelihood of a pre-emptive Israeli strike designed to slow Iranian development of nuclear weapons continues to grow. Vice President Joe Biden signaled on Sunday’s ABC “This week” that the Obama administration would not stand in the way if
Biden's remarks suggested a tougher
During his interview on ABC's "This Week," Biden also said the
"If the Iranians respond to the offer of engagement, we will engage," Biden said.
It was after meeting Israeli Prime Minister Benjamin Netanyahu at the White House on May 18 that President Barack Obama said it should be clear by year's end whether
Biden was asked whether Netanyahu was taking the right approach by indicating that
"Look, Israel can determine for itself — it's a sovereign nation — what's in their interest and what they decide to do relative to Iran and anyone else," Biden replied. He added that this was the case, "whether we agree or not" with the Israeli view.
Biden was then asked more pointedly whether the
"Look, we cannot dictate to another sovereign nation what they can and cannot do," he said. Pressed further on this point with a reminder that the U.S. could impede an Israeli strike on Iran by prohibiting it from using Iraqi air space, Biden said he was "not going to speculate" beyond saying that Israel, like the U.S., has a right to "determine what is in its interests."
Meanwhile a report in the
“The head of
Earlier this year Meir Dagan, Mossad’s director since 2002, held secret talks with Saudi officials to discuss the possibility.
The Israeli press has already carried unconfirmed reports that high-ranking officials, including Ehud Olmert, the former prime minister, held meetings with Saudi colleagues. The reports were denied by Saudi officials.
“The Saudis have tacitly agreed to the Israeli air force flying through their airspace on a mission which is supposed to be in the common interests of both Israel and Saudi Arabia,” a diplomatic source said last week.
Although the countries have no formal diplomatic relations, an Israeli defence source confirmed that Mossad maintained “working relations” with the Saudis.
John Bolton, the former
Arab states would condemn a raid when they spoke at the UN but would be privately relieved to see the threat of an Iranian bomb removed, he said.
Referring to the Israeli attack on an alleged Syrian nuclear facility in 2007, Bolton added: “To this day, the Israelis haven’t admitted the specifics but there’s one less nuclear facility in
Recent developments have underscored concerns among moderate Sunni Arab states about the stability of the repressive Shi’ite regime in
“The Saudis are very concerned about an Iranian nuclear bomb, even more than the Israelis,” said a former head of research in Israeli intelligence.
The Israeli air force has been training for a possible attack on
The Israelis’ are not going to allow the Iranians to continue much longer in its attempt to build nuclear weapons. A multiple target strike on
While a Israeli strike would most likely cause the regime in
There’s also the likelihood of a disruption of oil supplies from the entire
Oil and Gold would likely rise sharply if
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