Keeping an eye on oil
The Tribulation begins when the Antichrist forges a seven year peace contract between Israel and the Arab nations of the Middle East (Daniel 9:27). But this will be a false peace for Israel, because the Jews will have made “a covenant with death and hell” (Isaiah 28:15). Because the Arab nations still want to eliminate Israel and Russia wants the oil from the Middle East, these nations will form a confederacy to come against Israel (Psalm 83:4-5). Russia is already assembling this coalition.
For this reason it is important to keep an eye on what Russia has to say about oil and energy concerns. Last month, Russian President Dimitry Medvedev said that his nation was “focused on getting hold of energy sources, including in the Middle East.” The chairman of the Russian energy group Gazprom, Alexei Miller, estimates that oil will hit $250 a barrel, providing even more incentive for Russia to find new supplies of oil, a goal Medvedev reiterated Tuesday.
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