At the same time, he once again said that the current decline in investment could cause a significant energy shortage in the future and therefore a price rise. "Suppose we cut production, and then we'll have spare capacity," he said. "Producers when they have excess capacity they will not invest.”

He added that the lack of investment can lead to a shortage of supply in about 3-4 years, which in turn can lead to a repetition of 2008, when prices rose rapidly. "Maybe we will go to $200 if there is a real shortage of supply because of the lack of investment," he said.

“The big question for us right now is ‘where are they going to go?’ Obviously, a part is going to stay here,” Hodges said, referring to the Grafenwöhr training area. “We really want to put some in southeastern Europe, some in the Baltics, some in Poland. Those countries want them bad — an obvious reason, they’re a deterrent aspect.”

Once the surveys are concluded, a formal recommendation will be submitted to European Command chief General Philip Breedlove, Hodges said. That will happen sometime in February.

The National Weather Service warned of a "life-threatening blizzard" that could dump as much as 30 inches (76 cm) of snow on parts of the region at rates up to four inches an hour. Winds might gust up to 55 mph (80 kph) around New York City.

The National Weather Service in New York said roughly 5.5 inches of snow had fallen in the Manhattan's Central Park by early Tuesday and nearly nine inches were recorded on parts of Long Island. NWS officials in Boston reported early on Tuesday wind gusting up to 70 mph at Nantucket Memorial Airport.

"Please stay home," New Jersey Governor Chris Christie told residents, ordering all but the most essential government workers in his state home from Monday afternoon until Wednesday at the earliest.

Alexis Tsipras, Syriza’s charismatic leader, will become the country’s youngest prime minister in 150 years, after taking 36 percent of the vote compared with 28 percent for the conservative New Democracy party of incumbent prime minister Antonis Samaras.

"Your decision today has made the Troika a thing of the past," Mr Tsipras told a cheering crowd in Athens. "Our victory is a victory for all people in Europe who are fighting austerity. The new Greek government will be willing to collaborate and negotiate with our European counterparts for a fair solution so that Greece can emerge from the vicious circle of debt."

Greece has struggled under repeated rounds of austerity that have pushed unemployment up to 25 percent compared with the eurozone average of 11.5 percent.

The forthcoming rhetorical slugfest, whatever the outcome, will have ripple effects across other “peripheral” members of the 19-country currency bloc which could send global bond markets haywire. This Hellenic election holds big significance for Britain, too. Ahead of our general election in May 2015, fears of renewed eurozone turmoil, which this Greek vote could spark, will bolster Eurosceptics across all parties. That could lead to an earlier vote on UK European Union membership.

Whatever the domestic political impact, there’s also the enduring economic reality. Continental Europe remains our largest trading partner by far and, in the EU or not, that won’t change any time soon. As such, Britain can’t stage a full-throated recovery while the eurozone is flirting with systemic meltdown – a meltdown that is now more likely, after this Greek election.

In Perama, one of the poorest parts of Athens, unemployment has reached 60 per cent and families do not have enough money to put food on the table. The clinic was originally set up to provide free health care and medicines to the growing number of poor, but now it hands out emergency boxes of food as well. Middle-aged men and women carrying plastic bags full of milk, beans, pasta and oil emerge from the clinic, which is run by Medecins du Monde, a French charity which normally provides disaster relief in Africa and Asia.

Syriza insists that austerity policies, which were designed to shake up the Greek economy and create growth, have only brought misery, including 25 per cent unemployment and a contraction in economic output on a par with the darkest years of the Great Depression in the 1930s.

The effects of those policies are all too evident in Athens – streets are lined with shops and businesses that are boarded up or have empty windows, their bare interiors occupied now only by bits of shelving and broken chairs. In the poorer parts of the city, people rifle through rubbish bins looking for scraps of food.

It is the latest sign that officials at Threadneedle Street are worried about the global fall-out from the rising dollar, which poses a mounting threat to companies in the developing world that have borrowed up to $9 trillion in US dollars. Mr Carney said regulators have cleaned up the banks and tried to prepare for the tectonic shift taking place in the international currency structure but major risks remain.

"This will test the resilience of that new financial system. It has a potential feedback and we have to be aware of that," he told an elite group of central bankers at the World Economic Forum. Mr Carney said the global authorities have clamped down on excess leverage and the sort of behaviour by banks that caused the financial crisis seven years ago, but new worries have emerged.

"The big question for us now is about liquidity cycles that come from fund managers that don't have leverage. It's $35 trillion of mutual funds that invest in relatively illiquid securities," he said. Global watchdogs say the scale is so large - and subject to "clustering" and crowd psychology - that these funds may all rush for the exits at the same time in a crisis and amplify the effects.

A training even was ordered on erev Shabbos involving the air force and ground forces to prepare troops for any eventuality. A stream of tanks was seen heading north of erev Shabbos as Gantz is not taking any chances. B’chasdei Hashem the border remains quiet, albeit tense. Defense Minister Moshe Ya’alon visited Northern Command and was briefed on the situation by Intelligence Chief Major-General Yoav Har-Even and senior Northern Command officers.

Deputy head of Iran’s Revolutionary Guards Lieutenant-General Hossein Salami vowed Saturday to “open new fronts [against Israel] and change the balance of power.”

In an excerpt of an interview with Salami, the IRGC’s number two said that Iran and Hezbollah would provide a “special reprisal” to the strike, according to the Tasnim News Agency, adding that opening a new front in the West Bank was in the works. “Opening up a new front across the West Bank, which is a major section of our dear Palestine, will be certainly on the agenda, and this is part of a new reality that will gradually emerge,” Salami said in the inteview with Iran’s Arabic-language news channel al-Alam.

Iran and Hezbollah have issued a series of threats since the strike earlier this week, warning of a “crushing response,” and “destructive thunderbolts.” The dead included an Iranian general and senior Hezbollah commanders, Muhammad Issa and Jihad Mughniyeh, son of slain terror mastermind Imad Mughniyeh.

It also added new issues in Turkey's complicated relationship with the Kurds, both those inside Turkey and those in Syria and Iraq. Moreover, for Washington, the merging of the conflicts in Syria and Iraq added an additional layer of complexity as transnational jihadists were simultaneously fighting against a government in Baghdad that the United States wanted to see retain power and a government in Damascus that the US was uncertain, at least without any visibility on the alternatives, if it wanted to see continue.

Finally, the collapse of Iraqi Armed Forces, and the resulting intervention by Iranian military and paramilitary forces, added a further complication to Washington's relationship with Tehran, and had a bearing on both the White House's attitude towards the Assad Regime, a key Iranian ally, as well as its policy on Iran's nuclear development program.

Fittingly, the expression, "the enemy of my enemy is my friend" is attributed to Arab origins. That dictum, more often than not, seems to be the overriding factor in the ever-shifting coalition of alliances that has emerged from the conflicts in Syria and Iraq.

The decision was taken on Wednesday by the national security council, a government body that includes Chancellor Angela Merkel, Vice Chancellor Sigmar Gabriel and seven other ministers, it said. “According to government sources, the situation in the region is too unstable to ship arms there,” added the daily.

Saudi Arabia follows a strict and highly conservative form of Islam, and as home to some of its holiest sites plays a key role as a spiritual leader for Sunni Muslims and mediator in the Middle East. A survey carried out for Bild found that 78 percent of Germans believe Berlin should stop selling arms to Saudi Arabia — and a further 60 percent want to break off trade ties all together — due to human rights violations.