Egypt Takes First Step to Shred Peace Treaty With Israel

Dan from New York:

The Muslim Brotherhood has just tipped its hand. And it’s looking more and more like the $1.3 billion Americans fork over yearly to bolster Egypt’s military will someday be used against Israel. It’s time to turn off the spigot, but there’s little chance of that while an Islamophile occupies the White House.

Arutz Sheva, 4/22/2012

Egypt Unilaterally Breaks Off Gas Deal

Cairo breaks agreement that is part of the peace treaty between the countries, damaging Israeli firms.

By Gil Ronen

Egypt informed Israel Sunday afternoon that it is unilaterally cancelling the agreement of supply of gas to Israel. The announcement was made to EMG, the firm that receives the gas from Egypt, and reported on Channel 2 news.

The peace treaty with Egypt includes a financial appendix, in which Egypt agrees to supply Israel with oil. Several years ago the appendix was changed so that the oil was replaced by gas. The treaty commits Egypt to supply Israel with the amount of gas it requires for a specified period, in exchange for payment.

Egypt's unilateral abrogation of the treaty causes "tremendous financial damage" to Israel, and to the Amgas and Ampal companies, according to Channel 2. However, the primary damage is diplomatic, reporter Amnon Abramovich said.

The pipeline carrying gas from Egypt to Israel was blown up 14 times since the Mubarak regime was toppled in February 2011.

Say, how's that "New Beginning in the Middle East" that President Obama promised in 2009 working out?

For you drones: that's a rhetorical question. Hashtag: #epicfail.