“4.3 billion barrels of oil could be sitting in the Leviathan project beneath the Mediterranean, according to Noble Energy (NBL)”
and according to Heiss Investments, there may be trillion barrels of oil under my bed so feel free to send investments (I prefer cash). Maybe this is true this time, but “oil found in israel, investments needed” is one of those annual headlines you see, typically pushed by some American businessman.
In anycase, if true, Israel would face challenges with the fields:
1: Leftists and islamists groups and countries would oppose it and giving any support for it (rigs etc).
2: The oil fields/rigs would face frequent harassments (”Oil Flotilla”), sometimes with armed code-pinkos. Hamas and Iran would also be able to attack it with modern weapons far away.
The 4.3 billion barrels is speculative. The 1.5 billion barrels is based on drilling the field. Estimates for the amount of recoverable oil in the field are 10-20%. So, it’s certainly not a game changer but shows promise of much more oil. As for the gas reserves, they are already huge and proven.