Skip to comments.This Natural Gas Find Could Completely Change the World As We Know It (Israel-Cyprus)
Posted on 11/03/2013 2:23:59 PM PST by haffast
One thing that makes the energy sector so intriguing is the constant overlap between markets and politics. In many ways, energy security is synonymous with national security, and the supply and demand needs of the oil market can make the most unlikely bedfellows. One country that has been at the center of energy and politics for decades has been Israel. For years the country has been dependent upon foreign energy sources, but a major discovery by Noble Energy (NYSE: NBL ) and its partners has turned this situation on its head. Let's look how this massive natural gas find could affect both the political landscape and the pockets of major oil companies like ExxonMobil (NYSE: XOM ) .
With a name like Leviathan, it has to be big In 2010, Noble Energy and its partners found something in Israel's offshore region that the country had been looking for since the oil embargoes of the 1970's; its own hydrocarbons. You might say that the company and the country found more than they could have hoped for. The Tamar and Leviathan fields are estimated to have as much as 30 trillion cubic feet of natural gas, which is enough gas to supply Israel for decades even if it were to convert all of its energy consumption from coal and oil to natural gas -- with enough left over to export. Noble Energy estimates that this gas field and the planned export projects could net the country more than $130 billion in energy savings and government revenue from gas royalties.
Of course, Israel isn't the only one making out from this deal, either.
(Excerpt) Read more at fool.com ...
God: You're welcome!
And have enough money to tell the US they will get weapons anywhere they want and no longer have to kiss ass.
This is nice and all, but my greatest hope for Israel is that they have had a tap on Obama’s Blackberry since 2007.
Or pics of him frenching Reggie Love. I’d love to see him humiliated in front of the whole world.
“And have enough money to tell the US they will get weapons anywhere they want and no longer have to kiss ass.”
Or have the R&D money to make more of their own.
They already make their own tanks and small arms. In some cases they export those small arms (http://en.wikipedia.org/wiki/IMI_Galil)
The only area that the Israelis purchase much is aircraft and air defense I think.
This could be the event that triggers the Ezekiel 38-39 War.
Life is good...
...Tamar Southwest, as its name indicates, is located southwest of the much larger, 282-billion cu.m. [natural gas] Tamar reservoir and southeast of the even larger, roughly 535-billion-cu.m. Leviathan reservoir...
Turkish military trying to provoke an incident with Israelis in Mediterranean
Turkeys Zorlu Energy in talks on Israeli gas
Turkey starts drilling off Cyprus’s northern coast
Hard to come by. Maybe God really is on my side /grin.
If Cyprus becomes a petrostate, maybe they can arm up and throw Turkey back to the mainland.
Thirty nine years is a long time to wait for liberation.
If youd like to be on or off, please FR mail me.
“The only area that the Israelis purchase much is aircraft and air defense I think.”
Airframes and engines, really.
And that due to political deals, not reality.