You may view the 5 minute update this week via audio:
In this week’s 5 minute update, we focused on several things:
1) The current status of the Israel / PLO peace process
2) Predictions of oil going to $150 a barrel and gas to be $5 a gallon
Netanyahu says the core element of the conflict with the PLO is their refusal to recognize the existence of Israel. The PLO have drafted a document stating that building in the West Bank and East Jersualem is illegal and is worded to gain the support of the US as a UN Security Council resolution. They plan to present this to the UN Security Council in January. However the US said that they are opposed to this action even though they view building in the West Bank and East Jerusalem by Israel as being illegal. Mahmood Abbas also stated his desire that the Quartet (US, EU, UN and Russia) needs to present a peace plan in accordance with existing UN Resolutions regarding the peace process. Meanwhile, the PLO continues to prepare for statehood for August 2011 which is supported by the UN.
An agreement to divide Jerusalem and establish a PLO state is a tribulation event.
The link to these articles are as follows:
1) PM: Conflict continues due to refusal to accept Israel
2) Livni: I want the Likud as a partner if we win elections
3) Palestinian draft condemning Israel settlements designed to win US support
4) US expresses opposition to discussing settlements in United Nations Security Council
5) Abbas urges Quartet to draft new peace plan
6) Fayyad: PA will declare independent state in August 2011
7) UN backs Palestinian plans for statehood by August
In late October, Pastor Lindsey Williams announced that in talking to his globalist elite friend, Kenneth Fromm, the ex-CEO of Atlantic Richfield that oil would be $150 a barrel by 2012 and gas would reach $5 a gallon. JPMorgan has forcasted oil to be $120 a barrel in 2011. The CEO of Gulf Oil says that oil could be $150 a barrel by summer. Finally, the ex-CEO of Shell Oil says that oil could be $5 a gallon in 2012. High oil prices could cause inflation and cause bond prices to collapse resulting in the collapse of the US dollar.
A collapse of the US dollar and the establishment of one world currency is a tribulation event.
The link to these articles is as follows:
1) JPMorgan Forecasts oil to reach $120 a barrel in 2011
2) Oil Might Near $150 a barrel by summer: Gulf CEO
3) Ex-Shell president sees $5 gas in 2012
From a Biblical prophetic perspective, the reason why the God of Israel would allow these events to happen is because it will result in the end of the exile of the house of Jacob and the reunification of the 12 tribes of Israel (Ephraim and Judah).
We will to be “watchmen on the walls of Jerusalem” and we will not rest until the God of Israel makes Jerusalem a praise in the earth (Isaiah 62).
Shalom in Yeshua the Messiah,
Eddie Chumney
Hebraic Heritage Ministries Int’l