This is a rush transcript from "Glenn Beck," June 2, 2010. This copy may not be in its final form and may be updated.

GLENN BECK, HOST: You know, the best advisors on this television program are the camera crew. I asked them in the block, are you guys following this? Have you seen any of this? And they said we haven't seen any of this, but we have one question: Why did -- why did the IDF even go to the boats? Why did they go to boats?

I'm going to stay on. I'm going to see if we can put something on the Web site right after the show because I got a couple of other things. I'll explain that. And I just assume people knew. But that's critical. That's critical to understand.

But I want to give you this here. We right now have the biggest oil spill, possibly in the history of the world, but definitely the history of America going on right now. It's not slowing down. It's only getting worse. They had to call in James Cameron for help. That is a clear sign of desperation.

We also have the Obama administration reacting to the spill by saying we're going to shut down all future explorations, cut back on all drilling.

It's the summer. Demand for oil goes through the roof in summer. Oh, and on top of that, you got the flotilla incident here that has everybody -- we're talking now possible war in the Middle East. Now, I'm not an expert, but usually all the things come together would make the price of oil skyrocket. What is it doing?

Oil prices are down $14 a barrel from last year's summer high. Why? Down $1 since last Friday, when this stuff happened over the weekend. Down, oil, down? Why?

The answer lies in North Korea. Does anybody remember what North Korea did recently? They blew a ship out of the water. They torpedoed a ship.

The IDF has guys with paintball guns, literally getting stabbed to death when they decide to shoot in the leg for self-defense. Israel immediately hammered, the U.N. Security Council quick to condemn the acts of violence committed on the flotilla by Israel.

But North Korea's torpedoing of a ship, killing 46. The international community acts with urgency, and says do not condemn North Korea. The world is teetering. Any small push could push things right over the edge. Don't do it. Our world economies are in trouble.

And yet, this is happening. The world is jumping on the throat of Israel. Why? Why? Is it possible that some people want war? And they need an excuse. Is it possible?

I mean, look at Turkey. Here's Turkey. Turkey hasn't been an ally of ours or Israel really for a while. They want out. This is a great excuse for them.

The Arab World knows America is weak right now -- economically, every way. Now is the time to challenge.

Russia knows the same thing. The U.N. is pushing for global governance. Everyone knows this is the moment of opportunity.

But it can't be North Korea, because it has to be one that we can use and take advantage -- it has to be the right emergency, the best advantage for the enemies of man's freedom. Well, I'll show you one other piece that comes from here in America that you need to know, that you won't see anyplace else -- in their own words.

Content and Programming Copyright 2010 Fox News Network, LLC. ALL RIGHTS RESERVED. Copyright 2010 Roll Call, Inc. All materials herein are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of Roll Call. You may not alter or remove any trademark, copyright or other notice from copies of the content.