Posted on 10/07/2015 7:33:48 PM PDT by Kaslin
Haifa, Israel – After Israel complained for years that it was surrounded by oil-rich states but didn’t have a drop within its own borders, it appears there’s a big-time turnaround with the announcement Wednesday that massive oil reserves have been located in the Golan Heights,close to the country’s border with Syria.
Afek Oil and Gas, an Israeli subsidiary of the U.S. company Genie Energy, confirmed the find in an interview with Israel’s Channel 2 TVbut conceded that until the oil is actually extracted, they won’t be sure of the actual amounts and quality of the oil that has been discovered.
“We are talking about a strata which is 350 meters thick and what is important is the thickness and the porosity,” the company’s chief geologist, Yuval Bartov, explained. “On average in the world, strata are 20-30 meters thick, so this is ten times as large as that, so we are talking about significant quantities. The important thing is to know the oil is in the rock and that's what we now know.”
(Excerpt) Read more at foxnews.com ...
The good news — Israel strikes oil
The bad news — it’s on the Golan Heights
Can you say, “attack magnet?”
I knew you could.
what’s involved with extracting and what kind of time and money are we talkin’ here ?
The metrics presented here don’t tell me much. Does anyone have an estimate in barrels of oil.
Surely the end times are near.
Praise God.
Don’t the Arabs have an Islamic shrine in that area going back 500 years?
Give ‘em ten minutes...
I always likes the old joke - The Jews wandered 40 years in the desert and settled in the one place that didn’t have any oil.
Good luck keeping a refinery from blowing up over there.
Exactly. Like there needed to be any more tension surrounding the Golan Heights.
Thought they found oil off the coast of Isreal awhile back... I could be wrong but if they did, this is no more a game changer than that was.
Gee....I think I remember hearing this a couple years ago.
At least there arent any militant greenies there to KEEP them From drilling.
but it had milk and honey !
That was a natural gas deposit. Both finds are significant finds for Israel.
I just posted an article for a 2013 find.
“Thought they found oil off the coast of Isreal awhile back... I could be wrong but if they did, this is no more a game changer than that was.”
Both are game changers and excellent news for Israel. No longer will Israel be dependent on another country for oil/gas. Syria will of course say the Golan Heights oil find is on land stolen from them, and therefore rightfully theirs. Israel will tell Syria to drop dead, preferably literally. I assume they will horizontally frack the find from farther away from the border, to minimize attacks right along the border.
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