Huge Econ News for Israel

Quote from maxpi:

natural gas and oil comes up out of the ground on it's own because it is stored under pressure by rocks.. but geologists have admitted that rocks in no way could hold that much pressure for more than a few thousand years at best... so there must be huge underground tanks of oil and gas.. or the earth isn't all that old...

Interesting point.

I also suspect there are large oil reserves located in the Dead Sea area.
I am hoping that Zion oil and Gas or a reputable and reliable well funded group
does the 40k ft hole drilling there.
 
I don't think it made any difference to Israeli economy so far...wonder how predictive that report could be.

I was there mid-2008 and may go again at end of the year. Didn't hear any particular boost related to oil or energy. In fact the economy gloomed similarly to the western world during crisis. If anything it gives impression of a new technology centre like Taiwan was with the chips industry.

Learned a history lesson here, that America discovered oil in M.E. in 1930, is that when all the troubles started ?
 
I believe that the number of terrorists in this world has hugely increased since the U.S. started meddling in others' affairs. In fact, the U.S. is now in a position where it has literally assured itself of an endless stream of future terrorist attacks by terrorists that it has itself created. These people were just people before. But after your stupid religious war robbed them of their parents, their limbs, and their dignity (Abu Ghraib and Guantanamo), they have become terrorists.

Economically, you should model your long-term positions to expect more n-sigma moves than historical data would indicate.

Ultimately, all fundamentalists need to calm down and realize that in the big picture, we are a mass of bacteria on a rock floating in space. Your particular Jesus-bacteria is no more important than their Mohammed-bacteria.
 
Quote from unretired:

Israel to become center of new 'oil and gas rush'.....


I just love how God [Yahweh] oversees things and when even the USA is faltering on wisdom ... well ...
He provides ... Simply awesome !!!

I love these type of threads, reminds me time and time again how one eyed are people with religious affiliations.

Amazing how screwed up people are when they believe dogma. Fu**'n' believe anything!

God overseeing Israel by striking gas...What a load of BS!!!
And when the shit hits the fan, churchies either duck for cover, make excuses or say God has his mysterious ways, sheesh.
As if our puny minds can work out God and then say he ( through his servants) wrote a book no one can agree on called the bible. Sheesh

You watch, this gas will cause more mayhem and fighting probably.
Funny how euphoria often quickly turns to tears.
 
Quote from themickey:

I love these type of threads, reminds me time and time again how one eyed are people with religious affiliations.

Amazing how screwed up people are when they believe dogma. Fu**'n' believe anything!

God overseeing Israel by striking gas...What a load of BS!!!
And when the shit hits the fan, churchies either duck for cover, make excuses or say God has his mysterious ways, sheesh.
As if our puny minds can work out God and then say he ( through his servants) wrote a book no one can agree on called the bible. Sheesh

You watch, this gas will cause more mayhem and fighting probably.
Funny how euphoria often quickly turns to tears.

Problem is that US Jews have dual loyalty that quickly becomes one sided loyalty in trouble.

They believe they are superior people "god's chosen". And they are absolutely no different than Muslims

Jews and Muslims are two sides of a very same coin.

They don't like the fact that more and more people are realizing this

I used to be Jewish until I realized that this is all bullshit. All of it. Excuse to kill people. I want none of that.

I urge Jews everywhere to realize that Peace in Israel can't be bought with a gun and manipulation. If it could we would already have it. If you believe that only good arab is a dead arab, you are on the wrong path no matter what your rabbi tells you.

Funny how religion never understands that true security and peace lies in economically trading with your neighbor. Instead of isolation Israel wants, imagine what would happen if they started trading goods and services with Iran and others, like the do somewhat with Jordan.

They would have peace and security but rabbis would have trouble with dogma then. :cool:
 
they do employ a lot of construction workers from Palestine and Jordan. When there is escalating tension the industry suffered quite a bit. So there is a mutual dependency there.

You reminds me of a clip of Jon Stewart, criticising DC over having a jewish holidays: how many jews are there [DC] ? think about how many jews in NY...how many jews on the Today Show...
 
Quote from morganist:

why didn't america put sanctions on israel regarding nucs like other countries. that would have prevented this.

Do you honestly believe that Iran wouldn't have tried for nukes if Israel was nuke-free?
 
Quote from unretired:

http://www.israeltoday.co.il/default.aspx?tabid=178&nid=20894

Israel to become center of new 'oil and gas rush'

A top US energy industry expert believes Israel is going to soon experience an "oil and gas rush" by major Western energy development companies.

Speaking to the Israeli financial newspaper Globes, Fred Zeidman said the recent discovery of a massive natural gas field off Israel's Mediterranean coast had drawn the attention of every major Western energy company.

Israeli companies Delek and Isramco have already tapped the natural gas field, together with British energy giant Noble Energy. Zeidman noted that quite often, "as soon as Noble goes to a place, many other companies follow in its wake."

That could mean an enormous economic boom for Israel and its transformation overnight into a major international energy exporter.

The natural gas field in the Levant Basin (the western Mediterranean) is estimated to hold 122 trillion cubic feet of recoverable natural gas, making it the largest natural gas resource ever found. The area is also believed to contain at least 1.7 billion barrels of recoverable oil.


I just love how God [Yahweh] oversees things and when even the USA is faltering on wisdom ... well ...
He provides ... Simply awesome !!!

If the Levantine Basin is in the western Mediterranean, how does this benefit Israel? I actually looked at a map, and it is far closer to Egypt, Greece, Turkey and Libya, than it is to Israel. How does Israel get to claim this?

Israel's record of neighborly behavior is checkered to say the least. If Israel is claiming this find as theirs, it will not end well.
 
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