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Citing fears of possible food shortages amid the Ukraine crisis, Israel’s transportation minister instructed that cargo ships importing grain and animal feed be given priority for unloading at the port docks over the next month.
This solution of stocking up on grains before a predicted famine mirrors the Bible’s Joseph. Joseph, son of Jacob, was promoted to be the prince of Egypt after he interpreted Pharaoh’s dream of withering grain stocks devouring healthy ones as an imminent famine in Egypt. Joseph then advised Pharaoh to stock up on wheat to have enough reserves once the famine strikes.
“Let that food be a reserve for the land for the seven years of famine which will come upon the land of Egypt, so that the land may not perish in the famine.”(Genesis 41:36)
Israel appears to be heeding Joseph’s ancient advice in prioritizing wheat over other imported goods. “We face challenges to our food security at the time being because of the worrying developments in Ukraine,” noted Transportation Minister Merav Michaeli in a statement on Thursday.
“The State of Israel must safeguard its food security by strengthening our domestic agriculture. Taking steps to get the grain and fodder that Israeli agriculture relies on, the nation will quickly ensure that we maintain Israeli food security despite changes worldwide.”
According to the statement, shipping and Ports head Yigal Maor already took “several steps” to implement the decision.
Read More @ Israel 365 HERE
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Assessment: Torbjorn Tornqvist, co-founder and chair of Geneva-headquartered Gunvor Group, added: “Diesel is not just a European problem; this is a global problem. It really is” ,,,
While the world has been obsessively focused on crude oil and gasoline in recent weeks, we instead alerted readers to a far more dire scenario playing out in diesel, a source of energy which is absolutely critical in keeping the “just in time” world running on time.
As a reminder, here are some of the articles we have published on the topic in recent weeks, many even before the Ukraine war:
“… And he who earns wages,
Earns wages to put into a bag with holes.” Haggai 1:6
Fast-forward to today, when our warning was echoed by the heads of one of the largest commodity trading houses and the biggest independent oil trader who were speaking at the FT Commodities Global Summit in Lausanne, Switzerland on Tuesday.
The corporate leaders estimated that as much as 3 million barrels of oil and its products a day could be lost from Russia as a result of sanctions, in line with previous estimates, and warned that global markets face a squeeze on diesel with Europe most at risk of a “systemic” shortage that could lead to fuel rationing.
“The thing that everybody’s concerned about will be diesel supplies. Europe imports about half of its diesel from Russia and about half of its diesel from the Middle East,” said Russell Hardy, chief of Switzerland-based oil trader Vitol. “That systemic shortfall of diesel is there.”
Those imports mean that Russian supplies account for about 15% of Europe’s diesel consumption, according to the FT which carried their comments.
Hardy said the shift to more diesel consumption over gasoline in Europe had helped to create shortages of the fuel.
Read More @ Zero Hedge HERE