Free Republic

Discovery of oil in ISRAEL means the Jewish state could soon produce ‘significant quantities’ of ‘black gold’… and potentially change the face of the Middle East Vast oil reserves have been discovered in Israel that could transform the country into world energy power and change the face of the Middle East for years to come. Afek Oil and Gas, an Israeli subsidiary of the U.S. company Genie Energy, said the breakthrough came in the Golan Heights, near the border with Syria. Yuval Bartov, the firm’s chief geologist, said there was ‘enormous excitement’ about the immense wealth it could bring to...

After oil prices plummeted, I went on the record saying I thought they'd be back above $70 per barrel by the end of 2015. The year isn't over yet, but my prediction isn't looking good. I thought worldwide demand would go up — and it has. The latest from the International Energy Agency shows demand is already up about 1.7 million barrels a day. thought supply from the United States would go down — and it has. Companies have been laying down rigs, and U.S. production has dropped by 500,000 barrels a day since June. So where'd I go wrong?...

Estimates are that the amount of oil found will make Israel self sufficient for very many years to come. After more than a year of round-the-clock drilling, large amounts of oil have been found on the Golan Heights. Estimates are that the amount of oil discovered will make Israel self sufficient for very many years to come. Afek Oil and Gas chief geologist Dr. Yuval Bartov told Channel 2 News, "We are talking about a strata which is 350 meters thick and what is important is the thickness and the porosity. On average in the world strata are 20-30 meters...

The Environmental Protection Ministry called the oil spill from the Tran-Israel pipeline in southern Israel one of the worst pollution events in the history of Israel on Thursday and said the clean up will cause landscape damage and could take many months. ...

Far below the surface of the Promised Land, a hidden treasure lies. If it can be carefully liberated from the geological layer in which it is caught, it promises nothing less than to transform Israel’s economy. It is called oil shale. And, along with Jordan, Israel just so happens to sit upon the world’s second largest deposits of the stuff, after the United States. Oil shale deposits are overwhelmingly located outside conventional oil-rich areas such as the Middle East and North Africa. So if safe, economic processes for extracting this alternative oil resource can be put into effect, dependence on...

Israel has granted a U.S. company the first license to explore for oil and gas in the occupied Golan Heights, John Reed of the Financial Times reports. A local subsidiary of the New York-listed company Genie Energy — which is advised by former vice president Dick Cheney and whose shareholders include Jacob Rothschild and Rupert Murdoch — will now have exclusive rights to a 153-square mile radius in the southern part of the Golan Heights. That geographic location will likely prove controversial. Israel seized the Golan Heights in the Six-Day War in 1967 and annexed the territory in 1981. Its...

Prospectors in Israel say hundreds of feet below the ground lies shale rock that can be converted into billions of barrels of oil. But environmentalists say it's a disaster waiting to happen."This is the distinct smell I'm talking about when I talk about oil shale." > In recent years, big natural gas deposits were discovered off the coast, but the country still imports much of its gas from its neighbour to the south, Egypt. That supply is precarious. This year it was interrupted by a string of attacks on gas pipelines running through the Sinai desert. And concerns remain about...

The Other Side Hollie L. Moody (August 18th, 2002) I was in the Spirit and found myself with the Lord beside a large body of water. The sun was shining and I felt that it was the middle of the day. There was a small, but sturdy looking, wooden ship pulled up on the sand next to the Lord and I. I watched as the Lord pushed the boat into the shallows and stepped into it. He then held His right hand out to me. "Come with Me to the other side," the Lord said to me. I placed my...