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Israel Discovers New Giant Off-Shore Oil and Gas Field
Arutz Sheva ^ | 3/6/12 | Tzvi ben Gedalyahu

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Discoveries of oil and gas have made outdated the old joke that Moses took the wrong turn from Egypt, leading Israel to sand and leaving oil for the Arabs.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.

.....

(Excerpt) Read more at israelnationalnews.com ...


TOPICS: Business/Economy; Israel; News/Current Events; War on Terror
KEYWORDS: anwr; energy; gas; israel; keystonexl; offshore; oil; opec; redsea; waronterror
Get ready for war with Egypt. They'll claim it.
1 posted on 06/03/2012 7:39:35 AM PDT by Eleutheria5
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To: Eleutheria5

Ogawd here we go.


2 posted on 06/03/2012 7:42:38 AM PDT by the invisib1e hand (they have no god but caesar)
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To: Eleutheria5

Bad news for Ahmadinejad and racist-Arab-league.


3 posted on 06/03/2012 7:43:33 AM PDT by Milagros (Y)
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To: Eleutheria5

May make some new freinds.


4 posted on 06/03/2012 7:51:31 AM PDT by Terry Mross ("It happened. And we let it happen." Peter Griffin - FAMILY GUY)
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To: thackney

FYI


5 posted on 06/03/2012 7:52:17 AM PDT by Army Air Corps (Four Fried Chickens and a Coke)
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To: Eleutheria5

The Jooz are stealing Palestinian oil! Wait, its coming! What will Obama say?


6 posted on 06/03/2012 7:53:17 AM PDT by Bringbackthedraft ( WHO WE ELECT AS PRESIDENT IS NOT AS IMPORTANT AS WHO THEY APPOINT.)
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To: Alamo-Girl; AmericanGirlRising; autumnraine; bergmeid; bethtopaz; Brad's Gramma; Dewey Revoltnow; ..

ping


7 posted on 06/03/2012 7:55:18 AM PDT by mountn man (Happiness is not a destination, its a way of life.)
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To: Eleutheria5

I think this is great news. In the mean time, we have Obama road blocking American discoveries and recovery.


8 posted on 06/03/2012 8:01:35 AM PDT by afraidfortherepublic
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To: Eleutheria5

This sounds like one of the predictions right out of Joel Rosenberg’s books....


9 posted on 06/03/2012 8:24:48 AM PDT by Road Glide
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To: Eleutheria5
That is the 127th holiest spot in Islam and the UN will demand that Israel not drill there (or some similar BS).
10 posted on 06/03/2012 8:31:12 AM PDT by KarlInOhio (You only have three billion heartbeats in a lifetime.How many does the government claim as its own?)
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To: Eleutheria5

Israel flipping the finger to Iran.


11 posted on 06/03/2012 8:31:19 AM PDT by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: Eleutheria5

Behold, the promised land... not one flowing with milk and honey but one flowing with oil and gas that can be sold for milk and honey.


12 posted on 06/03/2012 8:44:26 AM PDT by OrangeHoof (Our economy won't heal until one particular black man is unemployed.)
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To: Eleutheria5

Golda Meir is doing the happy dance.


13 posted on 06/03/2012 8:59:09 AM PDT by Rytas
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To: OrangeHoof

Israel doesn’t have a problem producing milk, honey or much of anything else. It is the stone age cultures that surround it which produce nothing but envy and hatred.


14 posted on 06/03/2012 9:06:48 AM PDT by MSF BU (n)
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To: MSF BU

That pipeline the muzzies keep blowing up could be shut down at the border and Israle can sell directly to the Jordanians with a guaranty on supply.


15 posted on 06/03/2012 9:25:33 AM PDT by EQAndyBuzz (ABO 2012)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks Eleutheria5.


16 posted on 06/03/2012 9:40:32 AM PDT by SunkenCiv (FReepathon 2Q time -- https://secure.freerepublic.com/donate/)
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To: OrangeHoof

There is no milk of goats, nor honey of dates that can compare to our own.


17 posted on 06/03/2012 10:08:27 AM PDT by Eleutheria5 (End the occupation. Annex today.)
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To: MSF BU

But how do they hate us? Let me count the ways.
They hate us to the depth and breadth and length
Of all that hate can mean. They hate us for
The way that we alone can save them from
Themselves. They hate us beyond reasoning and sense.
But let them hate us for needing us while we
Do not need them. And let them need us endlessly.

Apologies to Elizabeth Barret Browning and for lack of a rhyme scheme.


18 posted on 06/03/2012 10:38:36 AM PDT by Eleutheria5 (End the occupation. Annex today.)
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To: Eleutheria5

This is not news.

This has been identified almost 3 years ago.


19 posted on 06/03/2012 10:55:58 AM PDT by jongaltsr
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To: jongaltsr

It’s news that they’re ready to start drilling.


20 posted on 06/03/2012 11:32:43 AM PDT by Eleutheria5 (End the occupation. Annex today.)
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To: Eleutheria5
Get ready for war with Egypt. They'll claim it.

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!)

21 posted on 06/03/2012 12:09:05 PM PDT by montag813
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To: montag813

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.


22 posted on 06/03/2012 1:33:24 PM PDT by Eleutheria5 (End the occupation. Annex today.)
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To: mountn man

Thanks for the ping!


23 posted on 06/03/2012 8:48:46 PM PDT by Alamo-Girl
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To: Eleutheria5

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!


24 posted on 06/03/2012 8:50:51 PM PDT by Sharondownunderinnz
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To: Eleutheria5
"It’s news that they’re ready to start drilling."

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.

25 posted on 06/04/2012 9:45:50 AM PDT by jongaltsr
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To: dennisw; Cachelot; Nix 2; veronica; Catspaw; knighthawk; Alouette; Optimist; weikel; Lent; GregB; ..
Middle East and terrorism, occasional political and Jewish issues Ping List. High Volume

If you’d like to be on or off, please FR mail me.

..................

26 posted on 06/04/2012 5:12:23 PM PDT by SJackson (As a black man, you know, Barack could get shot going to the gas station, M Obama)
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To: Eleutheria5
Get ready for war with Egypt. They'll claim it.

Especially if the oil is made from dead Egyptians, and not dinosaurs.

27 posted on 06/04/2012 11:21:39 PM PDT by UCANSEE2 (Lame and ill-informed post)
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To: UCANSEE2

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?


28 posted on 06/04/2012 11:28:51 PM PDT by Eleutheria5 (End the occupation. Annex today.)
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To: Eleutheria5
Which would you rather be in your gasoline?

Let's go for a ride and burn some dinosaurs.

29 posted on 06/05/2012 11:40:44 AM PDT by UCANSEE2 (Lame and ill-informed post)
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To: Eleutheria5; Tzvi INN.com; ml/nj; ExTexasRedhead; SunkenCiv; Clintonfatigued; forkinsocket; ...

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!!!


30 posted on 06/05/2012 2:58:57 PM PDT by justiceseeker93
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To: justiceseeker93

How dare we drill there. The Balestinian Beoble have been extracting crude oil from the Red Sea since time immemorial!/s


31 posted on 06/05/2012 3:37:47 PM PDT by Eleutheria5 (End the occupation. Annex today.)
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To: Eleutheria5

May the waters of Lake Nasser cover them!


32 posted on 06/06/2012 12:41:21 AM PDT by sheik yerbouty ( Make America and the world a jihad free zone!)
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