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| Israel-Palestine-Jordan |
| With its oil treasure, Israel gets a shield from tyranny |
| 2011-06-30 |
| h/t Sense of Events The London-based World Energy Council says Israel’s 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 world’s newest energy giant.” With reserves of 260 billion barrels, Saudi Arabia would remain the world’s 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 |
| #5 The technology to exploit shale oil will develop, just the way the technology to exploit shale gas has. |
| Posted by: phil_b 2011-06-30 18:53 |
| #4 Drill Baby Drill Why do that when Obama can ensure even Canadian oil goes to China. China Has Its Eye On Canada's Oil While the U.S. dithers with concerns about "dirty oil" from Alberta's rich tar sands, energy-hungry China makes Ottawa an offer it might not refuse. Memo to Washington: Pipelines can run west as well as south. |
| Posted by: Eohippus Phater7165 2011-06-30 17:58 |
| #3 While we're at it, we need to Drill Baby Drill too. It would do wonders for the deficit, the trade deficit, and it would be less money we'll eventually have to pay out in welfare/workfare/crazy checks. |
| Posted by: Thing From Snowy Mountain 2011-06-30 17:43 |
| #2 So Israelis won't be needing the $3 billion/year the US borrows from China and sends their way. Not that they need it now. |
| Posted by: Eohippus Phater7165 2011-06-30 17:34 |
| #1 Just between you and me? There's probably similar amounts of oil in Lebanon, and Syria, and Jordan, and Egypt. All of these countries, that could USE the money, could be RICH. Why aren't they? a) They got so many Mr. Ten Percents noone can make a decent venture at it. b) They're too busy agitating for war against the Jews to do anything actually productive. Saudi Arabia has someone in a position of a) benefitting from drilling, and b) being in a position of enough power to make sure it gets DONE. Egypt... doesn't. They need to stop listening to El Baradei and maybe elect Sarah Palin President instead. |
| Posted by: Thing From Snowy Mountain 2011-06-30 17:22 |