Posted on 10/07/2015 7:33:48 PM PDT by Kaslin
Haifa, Israel – After Israel complained for years that it was surrounded by oil-rich states but didn’t have a drop within its own borders, it appears there’s a big-time turnaround with the announcement Wednesday that massive oil reserves have been located in the Golan Heights,close to the country’s border with Syria.
Afek Oil and Gas, an Israeli subsidiary of the U.S. company Genie Energy, confirmed the find in an interview with Israel’s Channel 2 TVbut conceded that until the oil is actually extracted, they won’t be sure of the actual amounts and quality of the oil that has been discovered.
“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.”
(Excerpt) Read more at foxnews.com ...
God’s watching out for Israel..
Great find, but still might be a bit tough for Israel to become a member of OPEC.
Oh well, Israel shouldn’t want to join any organization that would have Israel as a member.
As said by John Muggleton in 1741.
Israels got the ball and the U.S. has a POTUS who no goalie in the game.
Well, that’s good, ‘cause
the US sure ain’t.
“Thought they found oil off the coast of Isreal awhile back... I could be wrong but if they did, this is no more a game changer than that was.”
Natural gas.
https://en.m.wikipedia.org/wiki/Leviathan_gas_field
It was gas, and its at least partially online.
I dreenk your milkshake.
True. But Obama will be out of office in less than 400 days....
I hope so. Invested in stock there.
That will happen when the Cubs win the World Series.
GO CUBS! BEAT UP THE CARDS!
Does anyone there think this is a “game?”
There is a difference between oil shale and shale oil.
ISRAEL ? drill sideways ! Horizontal drilling...
I believe it was natural gas they found off their coast. If I remember correctly, the gas was in historic amounts. However, it was going to take a number of years to build the infrastructure, etc.
I didn’t see that in the original article. Either way, I’d be interested in an estimate of how many barrels of oil or the equivalent usable energy they could ultimately extract from the fields that they discovered.
I loathed that movie.
There’s not too many folks up in the Golan. Much of it is a national park. Went hiking there years ago. It was August but I still got cold. Had a nice trout dish at a restaurant.
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