Givot Olam Resumes Drilling
According to an announcement on Givot Olam’s website, the company has resumed drilling their Meged #5 well, just south of Zion’s Joseph permit area. Givot Olam was the first oil exploration company to announce a major oil discovery in Northern Israel in 2004 with an estimated 1 billion barrels in place. How much of that 1 billion barrels they can extract, however, remains a question. Optimistic estimates from the company place ‘recoverable’ oil at up to 100 million barrels. Still, 100 million barrels at today’s price of $70 per barrel is a substantial find … if they can get it out of the ground.“The blessings of your father excel the blessings of my ancestors and the bounty of the eternal hills. May they rest on the head of Joseph, on the crown of the prince of his brothers.” (Genesis 49:26)
Following Zion’s Stock Price
March 12, 2009 by admin · 4 Comments
We have received quite a number of telephone calls this week and many callers were asking us the same question:
We can’t and don’t comment on our stock price because… we really don’t know any more than you.
Zion stock is traded on a public market, so any member of the public or maybe an investment company can buy or sell stock, just as they wish.
We have no control over the Zion stock price in the public market; the stock price just reflects the actions of those trading that day.
What we can assure everyone is that the purchases and sales are not due to any information that is not publicly available.
We can also assure you that we are working towards long-term shareholder value and in the long-term, we believe, short-term fluctuations are irrelevant.
Thank you for your continued support of Zion.
Gosh … kinda what I’ve been saying.
“Energy Independence” by Nathan Jones
September 30, 2008 by admin · Leave a Comment
The following article by Nathan Jones appeared in The Christ in Prophecy Journal. You can read the original article at: http://www.lamblion.us/2008/09/energy-independence.html.
Other than the economic downturn most of the world is grappling with due to the Sub-Prime Mortgage Crisis, no other topic has been more center stage lately than the energy crisis. Painful fill-ups at the pumps emptying wallets, food shortages ravaging the third world as corn is converted into ethanol, inflation rising as transportation costs are passed onto consumers, and the devaluation of the dollar as the U.S. government mass-prints money to keep up in competitive buying of fuel — all these and many more troubles have befallen the world over the amount of available oil.
“Black Gold,” “Texas Tea,” “Liquid Dinosaur” — the readiness of this substance is the source of troubles in modern world politics. It will also be a huge motivator in the prophetic scenes of Israel overcoming their Arab neighbors (Psalm 83), Russia and Iran trying and failing to seize the Middle East oil fields (Ezekiel 38,39), and the Antichrist’s struggle against Israel to control the Middle East to establish his Revived Roman Empire (Daniel 2,7).
While the world goes ga-ga over oil, Israel instead has been leading the way in becoming energy independent. With no known oil of their own, Israel knows that currently they are totally dependent on the millions of hostile Arabs intent on destroying them. If it wasn’t for God and the greed of OPEC being greater than their Islamic conviction to utterly remove Israel from the face of the earth, Israel would have been reduced to an agrarian society and destroyed by now.
Companies like Zion Oil and Gas, Inc., via The Joseph Project have been vigorously drilling for that questionable Israeli oil, believing the Bible supports that Israel is sitting on trillions of dollars underground. They base their search on Genesis 49:25-26; Deuteronomy 32:24; Deuteronomy 33:24; and Job 29:6. These verses speak of “blessings of the deep that lies below” and “oil from the flinty crag” and “let him bathe his feet in oil” and “the rock poured out for me streams of olive oil.”
Whether oil is under Israel or not, where Israel’s true search for energy independence lies is in its brilliant innovations in alternative energy sources like solar and battery power. Israeli scientists have released revolutionary second generation solar cells that are light years ahead of current installs. Israel is also looking to be the first country by 2020 to have eliminated all gas-powered cars with battery-powered cars. Because of Israel’s small size, driving distances are well within the current 124 mile battery limit. Israel is motivated to be totally energy independent because it knows it is in a race to survive.
The United States and EU, instead of selling out Israel to appease oil-rich Arab countries to keep the supply of oil running, should instead be partnering with Israel in their breakthrough advancements in energy. The United States could indeed be not just energy independent by following Israel’s lead and partnering with them, but also become major suppliers of energy to the world and eliminate the woefully unbalanced trade deficit.
Unfortunately, as end-time players are nearly ready to fulfill their prophetic roles and fall all over themselves to get Middle East oil, the day the world is free of oil tyranny with energy independence may well have to wait till Jesus is on the throne during His Millennial Kingdom. Pity our short-sightedness and greed.
