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.
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.
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Yeah the Israelis have big oil shale reserves like the USA does in the Green River basin of Wyoming and Colorado.
Its expensive to get out. I think the Estonians have perfected that expensive method for doing so that they’re teaching to the Jordanians—who have reserves under their land in the same formation— but its an open pit method.
Open pit is not generally popular for environmental reasons.
Maybe if the Jordanians are successful, the Israelis will sign on to Estonian help. Hard to say. Right now oil is expensive—so the Estonian method makes sense— but in a couple years rising production in the USA may drop the price of oil to the $70@barrel range—or less.
If so the Israelis wait until the USA perfects/kills the cost of the situ method. That in turn requires that the cost of electricity be killed. That in turn will have to
wait until the thorium reactors come on stream. Thorium reactor promise to cut the cost of electricity by as much as 1/10 current cheapest coal costs