Posted on 03/20/2012 1:55:27 PM PDT by smokingfrog
VAIL, Colorado — Howard Cooper has spent most of his life looking for the Next Big Play in the oil and gas business. He thinks he's found the latest bonanza off the coast of Israel.
Cooper lives in Vail, but for the past two and a half years, he's spent countless hours in the skies between Denver and Israel, working to tap part of a giant natural gas basin deep under the Levant Basin, in the Mediterranean Sea in Israeli territorial waters.
Current estimates show there may be 130 trillion cubic feet of gas available in the basin. To put that number in perspective, 6.5 trillion cubic feet contains the energy of roughly 1 billion barrels of oil. The United States used about 19.1 million barrels of oil per day in 2010. Israel, a tiny nation, used less than 250,000 barrels per day in the same period.
Cooper said if the Levant Basin gas fields produce as expected, Israel could not only become energy independent, but could become a gas exporter. European markets are particularly interested in the Levant Basin, Cooper said.
“It's a game-changer for the Middle East,” Cooper said. In Europe, access to Israeli exports will break the current natural gas monopoly held by Russia's Gazprom energy company. It will also create jobs in Israel, Lebanon and Palestine, he said.
(Excerpt) Read more at vaildaily.com ...
Any oil?
That plus our massive shale oil deposits (and additional deposits in the will change a lot of things.
Um...just checkin....did anyone here read Joel Rosenbergs Last Jihad series??? This is amazing.
“European markets are particularly interested in the Levant Basin, Cooper said.”
Well, they will first have to extract their collective heads from the rear of all the Muslim Shieks they have been sucking up to for generations. I hope the Israelis charge those Euroweenies extra.
I guess we know the author's politics.Where is Palestine ??
This is not new. This was announced about a year ago, and Lebanon and the Palestinians want their share.
No one in the media wants to talk about it, though.
Assessment of Undiscovered Oil and Gas Resources of the
Levant Basin Province, Eastern Mediterranean
http://pubs.usgs.gov/fs/2010/3014/pdf/FS10-3014.pdf
Estimates of volumes of undiscovered technically recoverable oil and gas resources are shown in table 1. The mean of the distribution for undiscovered oil is about 1,689 MMBO, with a range from 483 MMBO to 3,759 MMBO. For undiscovered gas, the total mean volume is 122,378 billion cubic feet of gas (BCFG), with a range from 50,087 BCFG to 227,430 BCFG.
Israel builds a wall of natural gas flame throwers around their border and powers their whole infastructure from the finding, IMHO
While I’m fast becoming an adherent to the abiotic oil theory, it is entirely possible that the Middle East was covered extensively in the past with lush vegetation.
Remember this when Gorebbel’s Warming enthusiasts complain about a warmer climate: in the past, when the earth was warmest, it was also most conducive to life. Plants grew abundantly when the earth was warmer and giant creatures (dinosaurs) thrived. Warmer earth = good for life. History has proven it.
I noticed that too. Lebanon and Israel are countries, but “Palestine” is merely a region. Kinda like saying “The South,” in reference to a region of the United States.
By the map shown it looks like the “Palestinians” in Gaza should start to sell drilling rights.
[hair standing on end]
yep... this was one of the “game changers” in Rosenberg’s book.
If you’ve never heard Rosenberg’s witness as to how he became an author, you have to. His inspiration for the books was an answer to prayer.
Watch Gaza, Lebanon (Hezbollah), and Syria try to claim it all. If they don’t get it, watch the entire Moslem world come out on their side, shooting.
Post-creation/pre-flood earth was very lush indeed.
You need to expand your thinking to include hundreds of millions of years of mostly plants and then animals.
Currently there is over 500 billion tons of carbon alone in living biomass on the earth. Over 10% of that is new each year, with similar amounts deposited.
Much of it decomposes, but some of it is trapped in sediment. Over 100's of millions of years, a tiny amount of sediment is a lot accumulated. If we get about and inch and a quarter every thousand years, that is 2 miles deep in 100 million years.
Funny. There are verses in the Bible telling about the Army of the North coming down into Israel in order to ‘take a great spoil’.
This find would qualify as a ‘great spoil’.
The verse never made sense to me until I read this.
Correct.
I’m guessing there is plenty of gas under both Gaza and in the West Bank, and of course much of Israel.
For that matter, seeing as how many huge gas finds we have seen recently in the US and Europe, I think much more of the Middle East probably has huge untapped gas resources.
Gas is going to be a universal resource. Cheap electricity for everyone.
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