As we pray for the peace of
Jerusalem
Prophetic News and Commentary
Tuesday, January 15, 2008
Jeremiah 6:17 Also I set watchmen over you, saying, Hearken to the sound of the trumpet….
Isaiah 62:6 I have set watchmen upon thy walls, O
Jerusalem, which shall never hold their peace day nor night: ye that make
mention of the LORD, keep not silence,
V:7 And give him no rest, till he establish, and till he make Jerusalem a praise
in the earth.
Psalms
122:6 Pray for the peace of
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Furthermore, the comments are not meant to be an exact end-all answer to the study and
interpretation of end-times events and how it relates to biblical
prophecy. Much of the interpretation of biblical prophecy is subjective and open to many different
viewpoints; until such time as God reveals how perfectly His Word will be
fulfilled. What we wish to accomplish in these reports is to
encourage the reader to be as the Bereans and search
the scriptures to see if these things are so (see Acts 17:10-11)
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Note: Due to copyright concerns entire News Reports will not be posted on this page. Please refer to the link for the full report. Fair Use allows for partial posting of news reports where the report has significance to the purpose for which we are posting - in our case where news reports have potential prophetic impact.
The following articles are compiled by:
Rick Allinson
Bush Urges OPEC to Pump More Oil
Source: AP
15 January 2008 – President Bush warned Tuesday that surging oil prices threaten the U.S. economy and urged OPEC nations to boost their output. His plea drew little sympathy from oil-rich Saudi Arabia, which said production levels appear normal.
Bush and Secretary of State Condoleezza Rice also pressed Arab countries to do more to reach out to Israel and help achieve a Mideast peace agreement before the president's term runs out next January. Avoiding specific orders to Arab allies, Rice said the delicate question of diplomatic relations with Israel, the Arab world's historical enemy, was "another matter and undoubtedly down the road."
Saudi Arabia's foreign minister wondered what more could be expected of them than they are already doing. But Bush, nearing the end of an eight-day Mideast trip, expressed confidence that Arab countries would support both sides in an Israeli-Palestinian accord — backing Washington sees as crucial to striking and sustaining any agreement. "They want to see a deal done," Bush said. "And they want progress because the issue frustrates them."
As economic anxiety grows in the U.S. and dominates the presidential campaign, Bush is under increasing pressure. After a stop in Egypt on Wednesday, Bush returns home to weigh whether to join Democrats and Republicans in offering some sort of short-term economic stimulus package.
He promised to tell Saudi King Abdullah that American families are being hurt by oil prices that have topped $100 a barrel, more than three times what they were when he took office.
Comments: Mr Bush can ask OPEC to pump out more oil but that will not solve the economic anxiety facing the United States. Pumping more oil might ease the burden a little but it will not solve the problem. Oil is in high demand and you can only pump out so much before the peak is reached and we may be nearing that mark. India and China are gobbling up as much oil as they can and this is putting a strain on world output. If oil is three times the price in 7 years then what is the world looking at over the next 7 years.
Looking at the other main indicator, we have just seen Gold just reached the $900.00 mark and it is no secret that in times of trouble gold is considered a safe have. In two years time, Gold has doubled in price. No wonder economic anxiety is dominating the presidential race.
China and India's pressing energy crunch
Source: BBC
15 January 2008 – The warm welcome given by Chinese and Indian diplomats to the recent agreement by the two countries to strengthen economic, military and business links did not specifically mention one key issue - access to power supplies.
Fifteen years ago, China didn't import any oil at all.
Yet by 2030, it will be importing the same as US currently imports daily. And India's daily oil imports will have overtaken the European Union and Japan.
Those figures are from the International Energy Agency (IEA), which advises governments around the world on energy issues.
"The oil markets will get tighter and tighter," says Fatih Birol, the IEA's chief economist.
'Democratic aspirations'
He believes the next decade will be critical in addressing the security and environmental challenges this thirst for fuel poses.
For both Beijing and Delhi, the race for oil as well as gas has become a key concern. Most analysts agree China has been quicker off the mark, securing deals in Latin America, Central Asia and Africa.
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Keep watching (Matt 24:42)!
Shalom!