This is coolbert:
Here with the full and complete story of the cut-off of Egyptian natural gas as supplied to Israel. From Time magazine.
That "gas" is natural gas used to run turbines, supplying 40 % of the fuel used to run Israeli electrical power producing stations. Very clean as compared to oil or coal.
This disruption is going to hurt the Israeli badly? Alternative sources are neither available or are cheap? Time will tell on this one. ALSO, that natural gas was piped to Jordan as well. The restive populace of Jordan will not be happy with increased electricity bills.
"The Sinai Gas Blast: Another Reason for Israeli Anxiety over Egypt"
"The explosion that ripped through a natural-gas pipeline in the northern Sinai Desert on Saturday, Feb. 5, did more than cut off the flow of Egyptian fuel to Israel and Jordan."
"Egypt supplies Israel with some 40% of its natural gas, which Israel now uses to generate electricity, replacing dirtier coal and diesel. The two countries are barely three years into a 15-year contract for 1.7 billion cubic meters of Egyptian gas a year, provided via an undersea pipeline that branches off the line shattered by the blast."
Turmoil, unrest, crisis after crisis, chaos are never good for business. The economy suffers, an angry population insists upon "measures" being taken, scape-goats have to be found, etc.
coolbert.
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