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Israel will use oil and gas revenues to start a sovereign wealth fund intended to be a "security...

Israel will use oil and gas revenues to start a sovereign wealth fund intended to be a "security cushion" to pay extraordinary costs as well as a source of education funds. Tax hikes on energy profits, combined with large recent resource discoveries, could seed the fund with tens of billions of dollars each year.
Comments (5)
  • If they are considering a sovereign wealth fund, does this mean Israel will decline US aid in the future? Might Israel invest in the United States?
    19 Feb 2012, 04:33 PM Reply Like
  • it would be great do get rid of US aid finally. for YI - herr, the US gives money to Israel and forced them to buy weapons from US, though Israel is Num 3 in world of arms sales.
    btw, stay with obama, he is finally would destroy the world as he already done to Egypt.
    19 Feb 2012, 05:16 PM Reply Like
  • I'm German, so I do not take part in US elections, nor do I care much for US politics. I live in Texas and California, so the US economy is important to me.

     

    How does the US "force" Israel to buy weapons from them? Are they restricted from buying from the French, UK, Russia, or China?

     

    I would give Bernanke and QE choices running up commodity prices, which increased food prices across North Africa, more credit for the Arab Spring than any US politician, but even then it's a stretch. North Africans, and the Arab Spring in general are what I see as a repeat of what happened in Europe in the late 1800s, as common people rebelled against entrenched hereditary regimes. While supporting dictators may seem to be pushing a policy of stability, do you think that is a better choice than supporting democracy?
    20 Feb 2012, 02:49 AM Reply Like
  • LOL, got to wonder if Israel will join OPEC now?
    20 Feb 2012, 02:23 AM Reply Like
  • I'm all for giving aid to our friends when they need it. I just can't understand why we help our enemies to take arms against us. We need to leave them all to their revolutions. All the countries of the west had their revolutions resulting in civil wars which made them what they are today. We should allow the Arab spring to play out without interference and whilst that is happening they will be far too busy with each other to bother about attacking us.

     

    Yours sincerely,

     

    Oliver Cromwell.
    20 Feb 2012, 08:13 AM Reply Like
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