This is straight out of Joel Rosenberg's first novel.
"Will Israel grow increasingly prosperous, even as Russia and Iran steadily build an alliance against her, as Ezekiel suggests? (In my first novel, The Last Jihad—published in 2002—Israel fictionally discovers massive tracts of oil and natural gas, making the Jewish State enormously prosperous and planting seeds of greed and envy in Russia, Iran, and the Islamic world. Since then, two petroleum companies in Israel have, in fact, discovered large tracts of oil. One found a field with some 980 million barrels of proven reserves. The challenge both companies face is finding a commercially viable way to extract the oil and get it to market. I recently met with three top oil executives working on these projects and will write more about this developing story soon.)
If true, I wonder at what price per barrel extracting those 980 M becomes viable.
http://www.leftbehind.com/channelbooks.asp?pageid=1249&channelID=219