Energy wars heat up

Hmm. Remember that Arab Spring that was kind of exciting to watch?

 THURSDAY, MAY 10, 2012 07:33 AM PDT
  Energy wars heat up From Africa to South America, conflicts over waning resources are becoming more tense -- and dangerous BY MICHAEL T. KLARE

 "...* Egypt cuts off the natural gas flow to Israel: On April 22nd, the Egyptian General Petroleum Corporation and Egyptian Natural Gas Holding Company informed Israeli energy officials that they were “terminating the gas and purchase agreement” under which Egypt had been supplying gas to Israel. This followed months of demonstrations in Cairo by the youthful protestors who succeeded in deposing autocrat Hosni Mubarak and are now seeking a more independent Egyptian foreign policy — one less beholden to the United States and Israel. It also followed scores of attacks on the pipelines carrying the gas across the Negev Desert to Israel, which the Egyptian military has seemed powerless to prevent...."

 Well, you would think that their gains in freedom might be our losses in higher gas prices, right? Mmmmm, not so fast: 

 Raymond J. Learsy
Author, 'Oil and Finance: The Epic Corruption Continues'
  JPMorgan's $2 Billion Loss and the Price You Are Paying for Gas at the Pump 
Posted: 05/11/2012 10:40 am