Het Israelisch Expansionisme 59

'Did you know that by law the US guarantees israel's oil supply - no matter what?
...even if it causes US a DOMESTIC SHORTAGE???
I didn't.

Under a 1975 Memorandum of Understanding (MOU) the USA guaranteed all Israel's oil needs in the event of a crisis. This Memorandum of Understanding is quietly renewed every five years. It commits U.S. taxpayers to maintain a strategic U.S. reserve for Israel, equivalent to $3 billion in 2002 dollars. Special legislation was enacted to exempt Israel from restrictions on oil exports from the USA. Moreover, the U.S. government agreed to divert oil from the USA, even if this causes domestic shortages. The U.S. government also guaranteed delivery of oil in U.S. tankers if commercial shippers become unable or unwilling to carry oil from the USA to Israel.
I wonder which israel-first bastard signed this memorandum . . .
Memorandum of Agreement between the Governments of the United States of America and Israel - Oil, March 26, 1979
The oil supply arrangement of September 1, 1975, between the Governments of the United States and Israel, annexed hereto, remains in effect. A memorandum of agreement shall be agreed upon and concluded to provide an oil supply arrangement for a total of 15 years, including the 5 years provided in the September 1, 1975 arrangement.
The memorandum of agreement, including the commencement of this arrangement and pricing provisions, will be mutually agreed upon by the parties within sixty days following the entry into force of the Treaty of Peace between Egypt and Israel.
It is the intention of the parties that prices paid by Israel for oil provided by the United States hereunder shall be comparable to world market prices current at the time of transfer, and that in any event the United States will be reimbursed by Israel for the costs incurred by the United States in providing oil to Israel hereunder.
Experts provided for in the September 1, 1975 arrangement will meet on request to discuss matters arising under this relationship.
The United States administration undertakes to seek promptly additional statutory authorization that may be necessary for full implementation of this arrangement.
M. DayanFor the Government of Israel
Cyrus R. Vance [at the time, Secretary of State]For the Government of the United States
Annex to the Memorandum of Agreement concerning 0il.'

Lees verder: http://www.wakeupfromyourslumber.com/node/4504