There’s another angle on this. The Israelis only a couple months ago started pumping natural gas from offshore deposits. This is a really big deal and boon to Knesset coffers.
And its just the start.
The Israeli government is on the way to a really big endowment. It may not be as big as the endowments of the gulf states, but its going still be pretty substantial.
It means energy independence for the Israelis for starters. But they will soon be exporters.
When you combine energy abundance with big high tech companies that the Israelis already have— you get an economy about like that of Texas.
This is a big deal.
Basically if not now already, then soon—the Israelis don’t really need American money. They got plenty of their own.
From what I’ve read there’s indication of other very large deposits in the area to be exploited when the time and opportunity is right.