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This Natural Gas Find Could Completely Change the World As We Know It (Israel-Cyprus)
The Motley Fool ^ | November 3, 2013 | Tyler Crowe

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.

snip

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


TOPICS: Business/Economy; Culture/Society; Foreign Affairs; Israel; News/Current Events
KEYWORDS: cyprus; exxonmobil; gazprom; greece; halliburton; iran; israel; israelgas; israelnatgas; lebanon; leviathan; lng; methane; naturalgas; noble; nobleenergy; peaceandsecurity; qatar; schlumberger; statoil; tamar; turkey; woodside
"Not being an expert in geopolitics, I'm not going to try to venture a guess as to how the political landscape will change in the Middle East. It is pretty fascinating, though, that Israel will go from an extremely energy-import dependent nation to a big-time exporter almost overnight. The country has plans to build pipelines to Jordan, the West Bank, and Turkey, which could improve both economic and political ties to these energy-starved regions. Then again, it could also go in the exact opposite direction and could be a prime target for groups or nations who may scuffle with Israel."


1 posted on 11/03/2013 2:23:59 PM PST by haffast
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To: haffast
Israel: Thanks!

God: You're welcome!

2 posted on 11/03/2013 2:44:09 PM PST by JPG (Yes We Can morphs into Make It Hurt.)
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To: haffast

And have enough money to tell the US they will get weapons anywhere they want and no longer have to kiss ass.


3 posted on 11/03/2013 2:48:50 PM PST by DainBramage
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To: DainBramage

This is nice and all, but my greatest hope for Israel is that they have had a tap on Obama’s Blackberry since 2007.


4 posted on 11/03/2013 2:54:27 PM PST by IncPen (When you start talking about what we 'should' have, you've made the case for the Second Amendment)
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To: IncPen

Or pics of him frenching Reggie Love. I’d love to see him humiliated in front of the whole world.


5 posted on 11/03/2013 2:59:14 PM PST by DainBramage
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To: DainBramage

“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.


6 posted on 11/03/2013 3:12:27 PM PST by Fai Mao (Genius at Large)
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To: haffast

This could be the event that triggers the Ezekiel 38-39 War.


7 posted on 11/03/2013 3:13:14 PM PST by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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To: DainBramage
And have enough money to tell the US they will get weapons anywhere they want and no longer have to kiss ass.

Life is good...

8 posted on 11/03/2013 3:26:45 PM PST by GOPJ (Show me just ONE example of an Islamic country where non Muslims are treated with equality.TimLee)
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To: haffast
The Religion of Pieces is plotting as I type.
9 posted on 11/03/2013 3:30:06 PM PST by Gay State Conservative (Osama Obama Care: A Religion That Will Have You On Your Knees!)
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To: haffast

http://www.jpost.com/Enviro-Tech/Tamar-field-partners-find-more-natural-gas-nearby-323792

...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...


10 posted on 11/03/2013 3:34:01 PM PST by jjotto ("Ya could look it up!")
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...

Thanks haffast.

Turkish military ‘trying to provoke an incident’ with Israelis in Mediterranean
http://www.freerepublic.com/focus/news/3085815/posts

Turkey’s Zorlu Energy ‘in talks on Israeli gas’
http://www.freerepublic.com/focus/news/3086308/posts

Turkey starts drilling off Cyprus’s northern coast
http://www.freerepublic.com/focus/news/2876978/posts


11 posted on 11/03/2013 4:36:51 PM PST by SunkenCiv (http://www.freerepublic.com/~mestamachine/)
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To: haffast
That is the 134th holiest spot in Islam, being the gas which Mohammed himself did pass after eating a questionable plate of hummus. For the Jooooooooooos to even think about drilling and burning it is as much of an insult as building a temple beneath the Dome of the Rock. < Oy! It's sarcasm>
12 posted on 11/03/2013 4:57:49 PM PST by KarlInOhio (Everyone get online for Obamacare on 10/1. Overload the system and crash it hard!)
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To: Fai Mao
(Supposedly) the best M193 made comes from IMI in Israel.

Hard to come by. Maybe God really is on my side /grin.


13 posted on 11/03/2013 5:21:02 PM PST by ChildOfThe60s ((If you can remember the 60s.....you weren't really there)
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To: DainBramage

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.


14 posted on 11/03/2013 7:34:56 PM PST by Psiman (PS I am not a crackpot)
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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.

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

15 posted on 11/04/2013 6:23:07 AM PST by SJackson (if you want to test a man’s character, give him power A Lincoln)
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To: Fai Mao

“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.


16 posted on 11/04/2013 12:56:56 PM PST by Jewbacca (The residents of Iroquois territory may not determine whether Jews may live in Jerusalem.)
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