Potentially game-changing oil reserves discovered in Israel

Business | 206730 hits | Oct 08 1:54 pm | Posted by: N_Fiddledog

After Israel complained for years that it was surrounded by oil-rich states but didn’t have a drop within its own borders, it appears there’s a big-time turnaround with the announcement Wednesday that massive oil reserves have been located in the Golan He

Comments

by uwish
Fri Oct 09, 2015 3:10 pm
thickness is only one of the parameters to look at. There is little to no information on the lateral continuity of the zone, it could be very localized and if it isn't continuous it wouldn't be all that impressive.

If it is continuous then I would say we have a winner. It would likely be lighter sweet crude similar to the API of other Middle Eastern reservoirs which means less refining and 'easier' recovery.
by BartSimpson
Fri Oct 09, 2015 3:13 pm
Good for Israel! Energy and economic independence would do them a world of good!
by N_Fiddledog
Fri Oct 09, 2015 3:42 pm
Whatever happened with those natural gas reserves they thought they might have found off the coast, I wonder. Those were interesting too.
by desertdude
Fri Oct 09, 2015 6:15 pm
Hmmm...Israel very soon might be in need of some freedom - American style
by N_Fiddledog
Fri Oct 09, 2015 8:27 pm
My worry is the Obama government seems intent on giving Israel freedom Iranian Ayatollah style.

Sahih al-Bukhari, Volume 4, Book 56, Number 791:
Narrated 'Abdullah bin 'Umar:

I heard Allah's Apostle saying, "The Jews will fight with you, and you will be given victory over them so that a stone will say, 'O Muslim! There is a Jew behind me; kill him!' "
by N_Fiddledog
Fri Oct 09, 2015 8:41 pm
Anyway, I thought the current oil price war was about North America having too much of it.
by uwish
Thu Oct 15, 2015 2:24 pm
it's real reason is to punish both the US and Russia, but the Saudi's are starting to buckle, they can't afford this price for much longer and there are serious rumblings among the other OPEC members.

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