Potentially game-changing oil reserves discovered in Israel - FoxNews, by Paul Alster, 2015 October 07
- 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. ..... < snip >
..... According to a September 2014 Times of Israel report on the Golan exploration, Genie Energy is chaired by Howard Jonas and counts among its more notable investors the "former US Vice President Dick Cheney, Michael Steinhardt, Jacob Rothschild, and Rupert Murdoch."
Experts say actually extracting meaningful quantities of oil from the deposits is likely some time away. ..... < snip >
..... The other key consideration in the development of the potential oil feed is its close proximity to the vicious fighting taking place just over the border in neighboring Syria, where ISIS and other jihadi organizations had been battling the Syrian forces of President Assad and his Iran-backed allies Lebanon-based Hezbollah even before Russia' recent entry into the regional conflict. ..... < snip >
..... The rugged land, captured from Syria during the 1973 Yom Kippur War and still under dispute between the two countries, includes vital underground water sources that feed directly into the Sea of Galilee itself, Israel's main source of fresh water. ..... < snip >