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  • Israel Grants First Golan Heights Oil Drilling License To Powerful US Company

    02/23/2013 11:46:00 AM PST · by haffast · 19 replies
    Business Insider ^ | Feb. 22, 2013, 2:45 PM | Michael Kelley
    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 ó which is advised by former vice president Dick Cheney and whose shareholders include Jacob Rothschild and Rupert Murdoch ó 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...