Also in this playlist...
This transcript is automatically generated
Now Stephen you know -- this is clearly I I think -- a -- people at home or perhaps don't understand the implications.
Of of how how drastic measure this could be if in fact there was a change of leadership there.
And it's not all that unexpected given the fact that there -- these corruption issues but it's -- have geopolitical Whipple effects particularly as it pertains to oil.
I think it -- there's no doubt I mean Olmert resigning I think probably makes -- lot easier for Israel to do something in Iran.
Because they can no longer say well wal -- trying to you know protect his political future by -- drawing attention away from the scandals.
I think that it was significant yesterday that Livni was in Washington.
I'm equally great hit it wasn't you know it wasn't like all more war war woke up yesterday morning and -- woman of -- I mean they knew this was going to happen.
It was also significant to me that bush made this trip.
Earlier in the summer to Saudi Arabia to get what 200000 barrels -- -- like that's gonna tip the whole balance.
Our brand -- not just the threat to Israel.
Iran as a major threat to Saudi Arabia.
I mean the Shiites and the Sunnis probably hate each other more than -- Shiites hate the Israelis.
So I mean you have that they yap and did so there -- a perfect storm real tinderbox there yeah.
You know it still get to you in the trading pits could.
-- -- over the dispute going on yesterday about whether or not it was the inventory numbers but really inventory numbers were actually better but the gas ones were not as good.
I'm but I imagined that this political upheaval right now is a big issue -- whether or not we're talking about Livni who was the foreign minister.
Or -- or mofaz who was the Transportation Minister or even -- or.
Netanyahu -- mean we're talking about the potential for drastic change in Israel.
We are you know I would I would -- say it would be like five point eight on the worried richter scale yesterday because that's what I think what it was it was a big shock to into the system even know was expected.
But then the market come down and they're gonna wait to see.
Who comes in in their place.
Obviously there is a lot of concern that if we have a new leadership in Israel it will mean a more aggressive tactic -- -- -- And if that happens we're gonna see the price of oil go up again we're gonna start building in that worry premium right now.
It was a quick -- up and then back down and now we're gonna wait to see who who's in charge.
-- I imagine and that that the White House and anybody who's been involved in US mean negotiations whether it's secretary of state Condoleezza Rice or.
Or just couple of days -- the Defense Secretary.
Then they -- pretty frustrated about this because they were trying to go about diplomatic means now.
Of course Ehud Barack said in there will be perhaps.
You know more ramifications.
But what is this due to our position here in the United States in terms of trying to negotiate.
A safe solution to this situation between Israel and ran.
Well I don't do it regardless of who's in power in Israel I don't believe.
The Israelis would act unilaterally without at least a non.
Green light of some sort from Washington.
And the danger is whether Israel attacks on its own or with the US accord.
It will be seen in the region as -- US aggression and it would put.
The US troops currently in Iraq in greater danger than they already are itself.
The situation is is very deep -- very dangerous situation and on on the security issue on the oil if -- were talking about.
The crisis would would.
The multiplied by the fact that.
Iran would be out of the game -- Out of the business of exporting oil.
If the straits of Hormuz is is closed and -- -- to the fighting.
And remember that Iran needs to import its own oil -- produces oilman doesn't refine it.
So it has to send it to India for refinement and bring it back through the straits of hormones.
Don't -- that mean that Iran threats about possibly shutting down the Strait of Hormuz.
-- are -- really unveiled threats because -- at the end of the day.
It will hurt them as much as it -- hurt the globe.
Absolutely they're the first ones to lose from shutting down the streets of hormones.
They would they would be without refined oil and there's nothing you you can really do with crude oil if you -- -- it.
Yeah this is that the three point -- just quickly want to go back to about one more question on this.
The elections -- in mid September I understand if no one is resolved they'll be another election later I guess early October.
There has been a great deal of speculation that if Israel were to do something they would do something.
Before the next president were in all greeted here in the United States.
And that because -- Guillen and missiles from Russia or is that because.
There is -- another agenda here.
It it's really anybody's guess I mean if you're not in part of the inner circle of people who aren't planning these attacks and and in the intelligence business.
-- world grasping at straws here.
Your guess is as good as good as mine as to when and how this could happen.
There are certain factors that go into the fact of course.
The major that we we -- the nature of the west Israel the United States in the eighties and attacking Israel and I attacking Iraq sorry.
The chances of nuclear fallout or greater so you have to think that into consideration.
That can be the fallout from nuclear energy that would be released into the civilian.
-- there's going to be no nuclear energy released into the civilian population Alexis I mean these plants are buried deep into the ground.
I mean one thing people have to realize they cannot destroy the nuclear plants like they did in Libya.
Are they didn't have -- haven't -- few years or twenty or fifteen years ago they can't these are secure what they can do was destroy the infrastructure around the plants.
And make it very very difficult to continue work on -- and that's what the goal that is -- it can be very surgical.
And I think that Olmert resignation makes -- much much more like that's gonna happen sooner rather than later.
All right gentlemen we'll leave it there Claude Steven and feel like thank all three -- you so much for joining us this.
Filter by section