[Obadiah]

Potentially game-changing oil reserves discovered in Israel

Headline on FoxNews.com

[thackney]

Game changing, maybe, for Israel, not the world market.

[crusty old prospector]

“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.”

I wouldn't put too much faith in this guy. He sounds like a promoter. A hawker at the carnival.

[Jewbacca]

Meh.

It’s a fine discovery and very helpful, but would not be economic anywhere but Israel where there are obvious strategic reasons for development.