May 15, 2010

U.S. Government: Israel has 122 Trillion Cubic Feet of Gas and 1.7 Billion Barrels of Oil Offshore

Joel Rosenberg has a most interesting piece on his blog today!

Rosenberg points out that
"'The U.S. Geological Survey estimated a mean 1.7 billion barrels of recoverable oil and a mean of 122 trillion cubic feet of natural gas in the Levant Basin Province using a geology based assessment methodology,' stated the report’s executive summary."

This is amazing news! And potentially it could be one day -especially given the current global economy - that Israel could emerge as one of the most stable if not one of the strongest economies in the world, which could be used as an excuse by many to aggressively oppose if not attack Israel.

1 comment:

Ricardo said...

Nice blog! Visit my blog in