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The New Egypt
By Micah Halpern

Friday April 22, 2011

I've Been Thinking:

Yesterday Egypt arrested their former energy minister, Sameh Fahmy. F other former bureaucrats from the ministry were also arrested.

Why were they arrested? Because according to the 1979 peace treaty between Egypt and Israel, Egypt was supposed to guarantee a certain amount of natural gas at a certain price. According to the current prosecution, as well as to many politicians now vying for popular support - the deal is tantamount to treachery.

Actually, this deal is the backbone of the Egyptian peace treaty with Israel. Israel gets about 40% of its natural gas from Egypt.

These gross exaggerations, saber rattling pronouncements and prosecutions are creating a tense environment that is spinning out of control in Egypt. A full blown anti - Western, anti-Israel front fueling full scale attacks against Israel is overtaking Egypt.

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4 June 2017 12:13 PM in Thoughts

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