Thursday, January 29, 2009

Gas discovery tempers Israeli recession blues - MarketWatch:
This Market Watch report notes a discovery that could well be very important to the future of Israel:
An American-Israeli prospecting consortium's Jan. 18 announcement that its Tamar 1 drilling site proved to contain 'meaningful quantities' of natural gas momentarily illuminated an otherwise pitch-dark sky with a corporate, economic and political ray of light. [...] Faith might also have helped the prospectors who for more than half a century sought oil and gas under the Promised Land rather than off its shoreline, in the spirit of Moses' blessing to the tribe of Asher: "May he dip his foot in oil." Israel could have been a gas producer long ago had it followed this hint and ventured into the Mediterranean west of northern Israel, which includes Asher's fiefdom, and where Tamar 1's rig now towers, some 60 miles west of Haifa. [...] The finders are in fact so euphoric that Tshuva spoke of Israel as a future gas exporter.
I can't help wonder if this discovery will be the foundation for a new era of peace and prosperity for Israel, as well as stoking the fires of jealously and antisemitism among natural gas exports farther north.

1 comment:

Jake D said...

Interesting, have you seen Zion Oil & Gas? I just saw them on Daystar. They are a real company drilling in Israel.