Israel could transform global energy markets

March 23, 2011 by  

In a March 11, 2011 Jerusalem Post article Dore Gold, president of the Jerusalem Center for Public Affairs and former Israeli ambassador to the UN stated that Israel’s newly discovered fossil fuel reserves could ‘revolutionize the global energy sector’.

Dor stated in the article, “Libyan oil accounts for less than 2 percent of world oil production, yet the revolt against Muammar Gaddafi has managed to shoot up the price of oil to more than $100 per barrel in the last month.”

The article goes on to report that, at the same time Israel holds the world’s third largest oil shale deposits and, because Israel’s Tamar gas field is capable of supplying the country’s domestic natural gas fields for the next twenty years, 100% of the gas harvested from the Leviathan field (estimate at twice the volume as Tamar) could go to export markets.

What does this mean? As Middle East oil supply from Arab countries becomes more expensive and more politically contentious, Israel’s energy exports from existing and pending discoveries should be coming online.

Bottom line: Israel energy exports in the near future could very well change the political and economic landscape in the Middle East. With Arab political regimes falling apart at the seams and oil prices spiking with the evening news, the fact that the only stable democratic government in the region and America’s best friend (yes, it’s still true) in the Middle East may very soon be one of the world’s energy exporters is a comforting thought. Go Israel!

Click here to read the full Jerusalem Post article.

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Comments

5 Responses to “Israel could transform global energy markets”

  1. Bruce McPhee on March 23rd, 2011 6:09 pm

    How do I go about investing in Zion Oil And would 10,000 be enough to start. I would rather invest in Zion as Gods work then buy silver. Problem is I have no Idea where to start and no understaning how it works. Any advice would be much apperciated.
    Thank you very much

  2. sspillman on March 24th, 2011 6:39 am

    Hi Bruce,
    Read my ‘investing’ answer in the comment section at: http://www.oilinisrael.net/top-stories/zion-oil-reduces-warrant-price

  3. angelika dumanski on March 24th, 2011 7:59 pm

    WHAT IS THE LEAST I CAN PUT DOWN FOR 1 SHARE OF ISRAEL OIL OR GAS? I DONT HAVE MUCH BUT WANT TO PUT SOME INTO THIS PROJECT…HOW DO I DO THIS?

  4. scott on April 4th, 2011 3:11 pm

    how can i invest (us stock market companies) in the amazing nat gas finds off Israel other than Noble Energy? thanks

  5. admin on May 10th, 2011 11:21 am

    Thank you for reading to the Oil in Israel newsletter and visiting http://www.oilinisrael.net/.
    OilinIsrael.net and the Oil in Israel newsletter are independent news sources, not owned or controlled by Zion Oil & Gas or any other exploration company. We offer news and insight into Israel’s search for oil.
    For investment advice see your stockbroker or investment counselor.
    Zion Oil is a publicly traded company (NASDAQ, ticker symbol ‘ZN’) you can buy Zion shares on the open market through your brokerage account. If you don’t have a brokerage account, they’re pretty easy to set up through your financial counselor or online at websites such as http://www.etrade.com.
    As far as investing in Israeli companies on the Tel Aviv exchange, please see the article at: http://www.ehow.com/how_4728238_invest-israeli-stocks.html
    Thanks again for reading, and remember to visit the http://www.oiliniisrael.net/ website often for the most in depth and up to date news on Israel’s discovery of oil and gas.
    Sincerely, Steve Spillman

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