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Discoveries of oil and gas have made outdated the old joke that Moses took the wrong turn from Egypt, leading Israel to sand and leaving oil for the Arabs.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.
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(Excerpt) Read more at israelnationalnews.com ...
Ogawd here we go.
Bad news for Ahmadinejad and racist-Arab-league.
May make some new freinds.
FYI
The Jooz are stealing Palestinian oil! Wait, its coming! What will Obama say?
ping
I think this is great news. In the mean time, we have Obama road blocking American discoveries and recovery.
This sounds like one of the predictions right out of Joel Rosenberg’s books....
Israel flipping the finger to Iran.
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.
Golda Meir is doing the happy dance.
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.
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.
Thanks Eleutheria5.
There is no milk of goats, nor honey of dates that can compare to our own.
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.
This is not news.
This has been identified almost 3 years ago.
It’s news that they’re ready to start drilling.
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