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With its oil treasure, Israel gets a shield from tyranny
h/t Sense of EventsThe London-based World Energy Council says Israels Shfela Basin, a half-hour drive south of Jerusalem, holds 250 billion barrels of recoverable shale oil, possibly making the energy-vulnerable country (as expressed by The Wall Street Journal) the worlds newest energy giant. With reserves of 260 billion barrels, Saudi Arabia would remain the worlds No. 1 oil country though not, perhaps, for long. Howard Jonas, CEO of U.S.-based IDT Corp., the company that owns the Shfela Basin concession, says there is much more oil under Israel than under Saudi Arabia: Perhaps, he says, twice as much. Salt to taste Posted by: g(r)omgoru 2011-06-30 |
| http://www.rantburg.com/poparticle.php?ID=325500 |