Posted on 06/03/2012 7:39:21 AM PDT by Eleutheria5
An Israel energy company announced Sunday it has discovered an off-shore energy field that may even surpass previous finds in terms of the possibilities of developing commercial grade oil.
Israel Opportunity Energy Resources LP announced that its Pelagic licenses indicate 6.7 trillion cubic feet (TCF) of gas and 1.4 billion barrels of oil. By comparison, the previously announced Tamar and Leviathan off-shore fields contain an estimated 9 and 17 TCF of natural gas. The amount of commercial oil, if any, has not been finalized, but estimates of possible oil in the Leviathan field have been downsized to 600 million barrels.
Discoveries of oil and gas have made outdated the old joke that Moses took the wrong turn from Egypt, leading Israel to sand and leaving oil for the Arabs.
After being chased by Pharaoh to the edge of the “Sea of Reeds,” which often if not correctly is called the Red Sea, Moses asked Heaven to save them, and He replied to step into the sea, which then was split by winds, allowing the Jews to cross and then burying the army of Pharaoh when it followed.
Stepping into the sea now can be seen in retrospect as a sign of the treasures buried under the sea.
“The quantity of gas discovered in the licenses, and the high probabilities, make it the third largest offshore discovery to date,” according to Israel Opportunity chairman Ronny Halman, quoted by Globes.
He added, ”This quantity guarantees Israel's energy future for decades, and makes it possible to export Israeli gas, and boost the state's revenues without worrying about gas reserves for domestic consumption."
The five Pelagic licenses cover half a million of acres of sea approximately west of Haifa. One of the licenses is estimated to have a 27 percent chance of success.
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(Excerpt) Read more at israelnationalnews.com ...
Don't worry. This is why Obama gave Egypt our most sophisticated surface-to-air missile system last year. Egypt's new Muslim Brotherhood regime will do just fine. Oh wait....(gulp!)
It won’t matter. In 1967, they had fancy toys, too. But Jordan, Egypt and Syria did themselves in, really. Our fancy toys were in no way better than theirs. They had us surrounded and outnumbered, but G-d had other plans.
Thanks for the ping!
Thanks for the ping - been away a long time! So glad for Israel - seems they won’t have to rely on anyone but God for energy or anything for that matter! Wise choice!
I did not know that they were THAT far along but - Knowing the Israelis, I'll bet you a dime to a thousand dollars they will mount cannon, (and) missiles on their oil platforms.
They don't put up with shit from their neighbors because they "Know" what to expect.
I'll also bet their Air Force and Navy will be available on a moments notice. I know from personal experience. During the "6" day war they bombed out communications site in Jordan before we even got there. They warned the few troops they had 5 minutes to get clear of the equipment (which had not even been set up yet) and then they would bomb the site. They did and my trip to Jordan was called off immediately. I was also monitoring the Listening Ship "Liberty" when they drifted near the Egyptian / Israeli waters. They flew over and informed them to move off 50 or more miles or they would also be bombed. The ship commander ignored the warning and 15 minutes later they were shot up and a couple of guys were killed and half a dozen or more were wounded before the Captain got the message and backed off.
If you’d like to be on or off, please FR mail me.
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Especially if the oil is made from dead Egyptians, and not dinosaurs.
Dinosaurs are cute. They entertain and educate children on TV. Egyptians are not cute. They invade embassies and bomb Copt churches. Which would you rather be in your gasoline?
Let's go for a ride and burn some dinosaurs.
Israel is fortunate that, in all likelihood, exploration and extraction of the newly discovered off-shore oil and natural gas resources will not be prevented by leftist politics, as has been the case to a large extent in the US. Drill, Israel, drill!!!
How dare we drill there. The Balestinian Beoble have been extracting crude oil from the Red Sea since time immemorial!/s
May the waters of Lake Nasser cover them!
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