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| Israel-Palestine |
| Palestinians Insist on Right of Return to Area East of Kfar Saba |
| 2004-05-04 |
| Reservoirs of oil potentially worth some $6 billion reportedly were discovered in central Israel. The reservoirs might contain 980 million barrels worth of oil at a site east of Kfar Saba, according to findings of a geological survey released Tuesday by the exploration company Givot Olam. It was not yet clear how much, if any, of the oil would be extricable from the deep underground deposits. The company also has claimed in the past to have made major oil finds but has not succeeded in extracting the oil. |
| Posted by:Mike Sylwester |
| #7 If the Israelis do figure out how to recover that oil, the same technology can be used in the US to recover hundreds of billions of barrels in deep resevoirs. However, many companies here have been working at the deep recovery for a long, long time and only made incremental progress. |
| Posted by: mhw 2004-05-04 9:26:05 PM |
| #6 High crude oil prices will be an incentive. World demand is heavy and rising. |
| Posted by: Alaska Paul 2004-05-04 10:17:11 PM |
| #5 It's gotta be economical (or, if Saudi or Venezuela shut off their spigots - in the national security interest) to drill so expensively |
| Posted by: Frank G 2004-05-04 10:11:00 PM |
| #4 [Off-topic or abusive comments deleted] |
| Posted by: mhw TROLL 2004-05-04 9:26:05 PM |
| #3 I understand there is a lot of deep oil that we don't currently have the technology to recover. Maybe the Israelis will put their brainpower to work to solve this problem, as they have several others. |
| Posted by: Phil B 2004-05-04 9:20:11 PM |
| #2 So much for that old joke about the Israelites having to wander in the desert for 40 years before they found a place without any oil. |
| Posted by: SteveS 2004-05-04 9:02:35 PM |
| #1 Ummmmm, how about FU? |
| Posted by: Frank G 2004-05-04 8:29:36 PM |