Obama Administration Abstains, Defying Trump, As UN Votes To Condemn Israel Settlements

Israel lashed out at the Obama administration  “friends don’t act that way” after Ambassador Power abstained (refusing to veto) as The United Nations passed a resolution demanding Israel to stop settlement building on occupied Palestinian territory. As NYTimes notes, the administration’s decision not to veto the measure broke a longstanding American tradition of serving as Israel’s sturdiest diplomatic shield, and defied extraordinary pressure from President-elect Trump.

As The New York Times reports, the administration’s decision not to veto the measure came a day after Mr. Trump personally intervened to keep the draft measure, proposed by Egypt, from coming up for a vote on Thursday, as scheduled.

Mr. Trump’s aides said he spoke to the Israeli prime minister,Benjamin Netanyahu. Both men also spoke to the Egyptian president, Abdel Fattah el-Sisi. Egypt postponed the vote.

 

But in a show of mounting frustration, a group of other countries on the 15-member Security Council — all of them relatively powerless temporary members with rotating two-year seats — snatched the resolution away from Egypt and put it up for a vote Friday afternoon.

 

It passed 14 votes in favor, with the United States abstaining.

Ambassador Power tried to explain herself (yes that Smantha Power):

  • *POWER QUOTES REAGAN IN DEFENSE OF U.S. ABSTENTION ON UN VOTE
  • *POWER SAYS VOTE WAS NOT `STRAIGHTFORWARD’ FOR U.S.
  • *POWER SAYS ISRAEL STILL TREATED DIFFERENTLY AT THE UN
  • *POWER: CAN’T CHAMPION SETTLEMENTS AND TWO-STATE SOLUTION TOO
  • *POWER: UN RESOLUTION `TOO NARROWLY FOCUSED’ ON SETTLEMENTS

As yet Donald Trump has not tweeted his response, but the Israelis are not happy:

  • *ISRAEL’S STEINITZ ON U.S. VOTE: `FRIENDS DON’T ACT THAT WAY’
  • *UN VOTE NOT ANTI-SETTLEMENT, IT’S ANTI-ISRAEL: YUVAL STEINITZ
  • Manoj Rawal: U.S. HAS “ABANDONED ISRAEL,” #ISRAELI MINISTER CLOSE TO #NETANYAHU SAYS AFTER UN SECURITY COUNCIL VOTE ON
  • *ISRAEL’S DANON SAYS U.S. VETO OF UN MOVE `WAS TO BE EXPECTED’
  • *ISRAEL’S DANON: `NEW ERA’ WILL COME WITH TRUMP ADMINISTRATION

Paul Ryan has chimed in:

  • *RYAN SAYS U.S. REFUSAL TO VETO UN ISRAEL RESOLUTION `SHAMEFUL’

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Libyan Supply Fears Dampen Oil Price Optimism

It appears that oil markets have stabilized over the Christmas holidays, with light trading and low volatility, while fears of a Libyan supply increase are adding downward pressure to oil prices. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) Oil prices remained mostly stable this week on light trading and few major price-altering headlines. However, some weakness in the rally emerged as fears over restored Libyan supply weighed on prices. The influence of the…

Mr. Putin Comes To Washington? “If Trump Invites Me, Of Course I’ll Come”

We can only imagine the establishment’s reaction to their arch-nemesis appearance on their doorstep, but as TASS reports, Russian President Vladimir Putin said on Friday he is ready to pay a visit to the US if the new US President Donald Trump sends an invitation to him.

“If Trump invites to come to the United States, then I will certainly come,” Putin told reporters.

 

The Russian president refrained from providing the exact date of his possible meeting with the US President-elect.

 

“It’s difficult to say now, first the president-elect of the United States has to take the time to put together his future cabinet,” Putin stressed.

According to our records this would be Putin’s first official visit to the United States since July 2007.

The post Mr. Putin Comes To Washington? “If Trump Invites Me, Of Course I’ll Come” appeared first on crude-oil.top.

Shale Gas Is Back With This $2 Billion Acquisition

A nearly $2 billion natural gas deal could signal a sign that companies are interested in gas drilling again after a long downturn. Gulfport Energy announced plans to issue new shares in order to finance a $1.85 billion acquisition of acreage in Oklahoma’s SCOOP basin. The SCOOP has emerged as arguably the next most exciting shale play, with acreage still largely undeveloped. The Marcellus and Utica Shales in Pennsylvania and Ohio have been home to the bulk of the shale gas revolution, although Oklahoma has seen years of shale gas drilling…

Shale Gas Is Back With This $2 Billion Acquisition

A nearly $2 billion natural gas deal could signal a sign that companies are interested in gas drilling again after a long downturn. Gulfport Energy announced plans to issue new shares in order to finance a $1.85 billion acquisition of acreage in Oklahoma’s SCOOP basin. The SCOOP has emerged as arguably the next most exciting shale play, with acreage still largely undeveloped. The Marcellus and Utica Shales in Pennsylvania and Ohio have been home to the bulk of the shale gas revolution, although Oklahoma has seen years of shale gas drilling…

Shale Gas Is Back With This $2 Billion Acquisition

A nearly $2 billion natural gas deal could signal a sign that companies are interested in gas drilling again after a long downturn. Gulfport Energy announced plans to issue new shares in order to finance a $1.85 billion acquisition of acreage in Oklahoma’s SCOOP basin. The SCOOP has emerged as arguably the next most exciting shale play, with acreage still largely undeveloped. The Marcellus and Utica Shales in Pennsylvania and Ohio have been home to the bulk of the shale gas revolution, although Oklahoma has seen years of shale gas drilling…