Posted on 10/04/2006 11:10:33 AM PDT by ScaniaBoy
Oil has been discovered in the Dead Sea area, Dr. Eli Tenenbaum, an official from Genco, the national company responsible for drilling in the region, reported on Wednesday. Tenenbaum stated that the amount of oil could reach commercial levels.
"We noticed that the pressure in the area was very high and when we opened the tap, oil started flowing freely for several minutes," Tenenbaum told Channel 10.
Tenenbaum said that the workers washed their hands with the "black gold" when they made the discovery. "We hope it was the first of many [such discoveries]," he added excitedly.
Not far from the drilling site, the crew spotted an oil reserve that Tenenbaum described as "very attractive," which they believed contained between four and six million barrels, worth an estimated 300 million dollars.
The operation began 10 years ago but was put on hold since it was not deemed economically viable. However, due to the recent soaring oil prices the discovery of new oil sources became necessary.
Genco was drilling at a depth of 2000 meters.
Infrastructure Minister Binyamin Ben Eliezer said it was "just the beginning" and that is was vital to find out whether the oil field was commercially viable or not.
"It is an encouraging sign," he said. "We are checking the entire area and we are opening the whole region for drilling. We will give our full support to any company that wants to try."
Now the so-called "Palestinians" will REALLY want their "homeland" back, huh?
Carolyn
The "Palestinians" (tm 1967) will demand the oil for themselves.
It certainly would. I don't think it is likely, but imagine how France and the rest of the EU countries would react. Oh, sweet delight!
As if Jordan wouldn't go to war with them over control of the source.
I really hope this works out, if so it could be a very big deal.
Real oil in Israel would spell the end of decades of fake "oil in Israel" financial scams being run on gullible American evangelicals...
Okay, I know I'm going to be seen as a doomsday nutjob, but I do happen to believe that the biblical accounts of the end-times battle of Armageddon will actually happen as described.
I read somewhere (can't remember where) someone postulating that a realistic scenario that would draw the armies of the world to Israel could possibly be a huge oil discovery.
Just thought I'd mention it. Keep your eye on Zion Oil too.
WHOA!! Watch the PLO trash come unglued!
As the Jews say, They have no particular affection for Moses, after following him around for 40 years HE ENDED UP LEADING THEM TO THE ONLY PLACE IN THE MIDEAST THAT DID'NT HAVE OIL
Anybody read "The Ezekial Option"?
Isn't this how the "Left Behind" books start?
Lots of people agree with you. I do.
Yikes..this sounds just like Joel Rosenberg's book. Cue the Twilight zone music....
I agree. Do you think they'll let them into OPEC?
Now Israel can join OPEC! Won't that be a picnic? LOL!
"That's the one I was thinking about. The Last Jihad"
It's a bit spooky...lol
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