Egypt Shuts off Israel Gas

Back in December I wrote “Egyptian Gas Deals Threaten Tamar Exploration” and a reader asked (I paraphrase), “What does Egypt have to do with oil and gas in Israel?” As we’ve watched a revolution in Egypt unfold from our TV screens in the...

Israel Approves Doubling Oil & Gas Taxes

Israel Approves Doubling of Taxes on Oil and Gas Extraction Profits New York Times By ETHAN BRONNER Published: January 23, 2011 JERUSALEM — The Israeli government on Sunday approved a near doubling of the profit tax on gas and oil extracted from its territory, a move...

Oil Discovered in Northern Israel

In case anyone missed it last summer, oil has been discovered in Northern Israel. We’re not waiting for an oil discovery – it’s already happened! The oil has been/is being produced and sold. What’s more, the exploration company, Givot Olam,...