Panic Of 'O4: Oil Hits Another High

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October 6, 2004

Panic Of 'O4: Oil Hits Another High
LONDON (Reuters) - Oil's record-breaking rally lifted U.S. crude beyond $52 a barrel on Wednesday, fueled by the impact of Hurricane Ivan on U.S. winter inventories.

U.S. light crude set a new high of $52.15 a barrel before settling at $52.02, up 93 cents on the day. London Brent , the benchmark for European imports, peaked at $48.10, settling up 86 cents at $47.99.

Joint Letter Attacks Putin Reform
Former Czech President Vaclav Havel and 100 international figures have signed a letter criticising reforms proposed by Russian President Vladimir Putin.

Mr Havel's aides say the signatories include former Swedish Prime Minister Carl Bildt, US Senator John McCain and philosopher Francis Fukuyama.

The letter has been sent to the heads of all European Union and NATO states.

Aide: Gaza Plan Aims To Block Statehood
Northwest Indiana Times Wed, 06 Oct 2004 11:31 AM PDT
JERUSALEM - A top aide to Prime Minister Ariel Sharon was quoted as saying Wednesday that Israel's planned withdrawal from the Gaza Strip is intended to block Palestinian statehood indefinitely and claimed the policy had U.S. backing.

Arafat Vows Palestinians Will Continue Fighting
Straits Times Mon, 04 Oct 2004 3:30 PM PDT
GAZA CITY - Palestinian leader Yasser Arafat vowed on Monday that Palestinian fighters in the Gaza Strip would never surrender in their battle against the Israeli troops.

Arab Nations Demand Israel Stop Incursion
AP via Yahoo! News Mon, 04 Oct 2004 3:45 PM PDT
Arab nations demanded in a draft U.N. Security Council resolution Monday that Israel immediately halt its incursion into the northern Gaza Strip, where fighting has left at least 65 Palestinians dead.

World News
Axis of Logic Wed, 06 Oct 2004 3:53 AM PDT
Palestinian Authority Chairman Yasser Arafat said Tuesday he was prepared to step aside and become "the Palestinian Nelson Mandela", but added that he would do so only after the establishment of a Palestinian state .

Comments
The world is just now waking up to the two faces of Russian President Vladimir Putin.  Putin is and always will be KGB.  You can bet he longs for the good old days of the Cold War.  He's not alone!  Actually, the United States would rather worry about an intelligent foe such as Russia than the terrorist's that inherited a portion of their nuclear arsenal.  

Speaking of Russia, as you know, the Bible says they will soon rise up and attack Israel.  It also states that the reason behind their attack will be to take a spoil (Ezekiel 38:12).  Many have contemplated as to what this great treasure will be, but I am convinced it will be oil. I believe that Israel is on the verge of uncovering the greatest oil discovery the world has ever known.  With the price of oil reaching new heights, I believe God is about to bring in a new player on the oil market and they won't be  controlled nor welcomed by OPEC.  The riches that will come from this discovery will bring Russia out of greed and the Arab world out of hate.  But God will use this as an occasion against Israel's enemies.

Inside Israeli sources are saying that the Gaza Plan (withdrawal) is just a diversion to prevent or slowdown the creation of a Palestinian state and the U.S. is secretly backing it. That would be surprising if were indeed the case.  Palestinian statehood has always been a major goal for the U.S.  Have their goals changed in these last days?

Yasser Arafat has said that he would be willing to step aside, but again he's said that before.  At some point he will either be forced out or phased out by his own people. 

 Pastor Malone

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