The 1975 Israel-United States Memorandum of Understanding required the United States to maintain an oil reserve for Israel and guarantee the shipping of that oil to Israel in times of emergency.
This deal has cost the United States more than a hundred billion dollars since it was first enacted. The most troubling aspect of this deal was not the cost however, but the stipulation that in case of an oil emergency in which both the US and Israel needed oil, the US would give its oil to Israel .... http://thebilzerianreport.com