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Delek US Holdings, Inc. Message Board

  • ice_cold_549 ice_cold_549 Mar 18, 2013 5:34 PM Flag

    The Cypress thing affects us

    Israel and Cypress need to ink a JV to drill the offshore oil reserves. DK can then sell oil and natural gas to Europe denominated in euros. Europe now buys oil and natural gas from Russia. Rusia is hit hard by the Cypriot bank tax and Putin is livid. Once DK is selling oil and natural gas to Europe, Cypriot banks will be used to clear the euro/shekel transactions. Then the stupid Yerps will not be able to support financially Hamas or the PA. Everyone wins.

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