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The Alpha-Omega Report's

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Middle East News Spotlight

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For August 22, 2010

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Editor's Note: It's been hectic and terribly confusing in our tracking of prophetic news developments - to the point where the editor simply has not been able to keep up with developments, process and analyze and then provide coherent reporting plus analysis. News developments often seeming quite contradictory and unclear as to what is really going on and what is truly important and news worthy as opposed to non-important or speculative. We've finally had a chance to organize what we know and have categorized our coverage for the Middle East into two categories - military, potentially war related and non-war related. Consequently this page is more political-civilian oriented today. Look for our separate coverage for Mideast war potential on a separate page. Our regular Weekly Round Up provides a third news page covering latest prophetic news developments. We'll have full analysis and intelligence updates in our Donor's section - known as The A-O Insider Report, for the next 24 hours. 

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For decades, Christians have been hearing stories, speculations and claims that Israel is sitting on vast deposit of oil  Some have even tried to claim that Israel is sitting on the world's largest oil reserve. Never mind the fact that Israel is a very tiny nation in geographical size. Even so, many Christian Evangelicals and Fundamentalists were swindled out of investment money to finance oil exploration projects making wild claims.

Well, finally an Israeli oil company has announced it has discovered an oil deposit underneath Israel which it estimates to contain 1.5 billion barrels of oil. The announcement late last week, spurred speculative gossip within Israel about the potential of such a discover. Some now speculate as to the amount of oil off the shores of Israel as well as under Israeli land.

What should be kept in mind is that there has been no independent verification of this oil discovery by a neutral, authoritative engineering survey. Such a survey is now underway and a final report on the results of that survey is due out in mid-September.

Regardless of how much oil is contained at this site, there is growing evidence of additional oil deposits within Israel's border that would likely enable Israel to become seff-sufficient in energy production and consumption. Under those circumstances, Israel's economy would greatly benefit and Israel's monetary currency would become a stable force in the world currency markets. For more on this story, LINK HERE.-

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Anti-Iranian politicians met in Damascus with Syrian leaders to discuss Syrian support for Sunni Muslims in Iraq as political wrangling continues over dividing up political power in Iraq after deadlocked elections of 5 months ago.

The Syrians are interested in expanding their circle of influence into Iraq, a region historically dominated in the past by Syria under the ancient Assyrian empire. For more details, LINK HERE. Also, A-O Donors will want to check out our current A-O Intelligence Digest report for analysis of Iraq's future after U.S. military forces leave the country in 2 years.

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Elements from the U.S. aircraft carrier, the USS Harry Truman rescued 8 Iranian sailors who had abandoned their burning ship in the Arabian Sea. The incident occurred on Friday, August 20. For more details, LINK HERE.

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