Israeli oil find changes stakes across Mideast
August 2, 2011 by admin · 9 Comments
While Israel is the model for liberty and democracy in the Mideast, it has no known oil reserves to speak of, making it an oddity in the world’s most oil-rich region. Many of its neighbors, on the other hand, abound in their vast oil wealth, which for decades they’ve used to prop up tyrannies and fuel hatred and terror.
Yet in one fell swoop, a recent geological find could change all this, positioning Israel as an exemplar of how political freedom can combine with the economic freedom oil provides.
Exploration in the Shfela basin, an area just southwest of Jerusalem, has uncovered oil shale deposits that are believed by some leading experts to hold the equivalent of at least 240 billion barrels of oil. In comparison, Saudi Arabia, the world’s largest oil producer, has reserves containing 250 billion barrels. While production would be at least a decade away, the potential effects of this development cannot be underestimated.
It would at last free the world from the clutches of OPEC, the cartel comprised mostly of assorted Arab tyrannies, theocracies and totalitarian states that currently controls global oil prices. Since the 1970s, OPEC has used its power to blackmail the West into acceding to policies that undermine its own vital interests on many fronts and, with at least partial success, isolate Israel. OPEC members have also used billions of petrodollar profits to plant the seeds of an intolerant and supremacist Islamic ideology in mosques, schools and other institutions in the U.S. and elsewhere. These, in turn, have sprouted such poisonous fruit as the Taliban, Muslim Brotherhood and numerous other extremist Jihadist movements that threaten American interests and lives.
A large supply of Israeli oil outside of OPEC’s control would disrupt the cartel, reduce oil prices and OPEC’s profits, and consequently offer a powerful stimulus for the U.S. and global economy. It would simultaneously deprive Iran of the oil revenue they’ve used to support terrorist groups such as Hezbollah and Hamas, suppress democratic movements at home and elsewhere, kill American troops in Iraq and Afghanistan, and develop their underground nuclear weapons program that threatens the entire free world.
The immense profit from oil sales would allow Israel to dramatically boost its already-prodigious scientific capabilities, which was integral in developing the modern computer chip, the Internet, telecommunications technology, drip irrigation and many other boons to humanity. The technology created by Israel for its oil retrieval will allow other nations with shale reserves to gain their own energy independence. Oil profits will generate extra funding for Israel’s cutting-edge defensive weapons industry, which recently developed the world’s first working anti-missile shield, a product that will likely benefit the entire civilized world.
Finally, this development demonstrates yet again that it is in America’s vital interest to ensure that Israel, the region’s only democracy, remains safe, secure, and strong – both militarily and economically – in a region of instability and enormous threats. For as technology entrepreneur George Gilder recently wrote in the Wall Street Journal, “We need Israel as much as it needs us.”
Video Shoot at Zion’s Ma’anit-Joseph #3 Well
February 10, 2011 by sspillman · 4 Comments
Zion's John Brown & Richard Rinberg
We (True Potential Media) traveled to Israel for a week of shooting video at Zion Oil’s office in Caesarea, their Ma’anit-Joseph #3 well site in Northern Israel, and in Jerusalem. Zion Founder John Brown, CEO Richard Rinberg, President and CEO Bill Ottaviani and Executive VP Victor Carrillo were on-site in Israel for interviews on the vision and progress of Zion Oil’s mission in Israel.
The video, photographs, and other content produced during the shoot will be compiled and presented over the next few weeks and months as Zion shares its story and its vision with the world: ” … to assist Israel in the restoration of the Land by finding and producing oil and gas – helping to make Israel politically and economically independent.”
Visit the Oil in Israel and Zion Oil Facebook pages as we add photos to the Israel albums.
High Tech Entreprenuer, Nir Barkat, is Jerusalem’s New Mayor
Nir Barkat, 49 years old, has spent his entire life in Jerusalem and served six years in the Israel Defence Force, as a member of the paratrooper’s brigade. In 1988, Nir Barkat founded the BRM Group, one of the first entities worldwide to develop anti-virus software and, as CEO, initiated joint ventures with U.S. companies such that BRM became a technological incubator. At the beginning of 2000, Nir was a founding partner of BRM Capital, a $150 million Venture Capital Fund focusing on software and communication infrastructures, specializing in investments in Israeli related companies and helping them become global leaders in their field.
Zion Oil & Gas Founder, John Brown, met Nir Barkat in Washington, in July 2008, during Christians United for Israel’s Third Annual Washington-Israel Summit, when Zion Oil sponsored the “Night to Honor Israel” banquet.
Israel Strikes Oil
September 10, 2008 by admin · 7 Comments
(Prophecy Today Archive October 13, 2006) Story by Shofar Communications Jerusalem Bureau Chief Ed Horner; Photos by Allison Horner. Article courtesy of Prophecy Today. The original article can be viewed at http://jimmydeyoung.gospelcom.net/pp/israelifront/2006_10_13_archive.html.
Surrounded by the richest oil countries in the world, many would wonder why Israel has never found oil. Now they have. Ginko Oil Exploration, led by Dr. Eli Tannenbaum, has located a potentially large oil field in the Dead Sea region of Israel.
 The Dead Sea, near a large oil deposit |
 Dr. Tannembaum and other specialists on site |
In an effort to attract financial partners to harvest the oil, Ginko Oil Exploration reopened a small previously drilled oil well near the Dead Sea and began extracting oil. In an on site interview with Dr. Tannenbaum, he said this first strike is very exciting because it shows that there is oil in the region that can be harvested. He said that Ginko will begin drilling the second well within two months and that the second well should produce a much more significant amount of oil.
 An exploration oil rig |
 One step in the process of oil extraction |
Dr. Tannenbaum says that this oil region is not directly connected with surrounding oil fields, but that the sources of the oil deep inside the earth’s crust could be related. He said the oil field in the Dead Sea region is on a deep rift (or tear) similar to Libyan or Egyptian oil fields. The Dead Sea region is the lowest point on earth at almost 400 meters below sea level. Tannenbaum says that he does not foresee Israel’s drilling of oil to be detrimental to surrounding nations’ oil fields.
 Ed speaks with Dr. Tannenbaum |
 Ed speaks with Ginko Exploration’s Site Supervisor |
Ginko Exploration’s Site Supervisor said that Israel currently has two oil refineries that could refine the newly extracted crude oil. The extracted crude oil would be taken to the refineries by truck. Israel does not currently have an oil pipeline from this region, and it would most likely not need one in the near future.
 Here is Israel’s future oil field |
 Lead Geologist, Dr. Eli Tannenbaum |
My wife and I had the privilege of watching some of Israel’s first oil being pumped from 1800 Meters beneath our feet. Ginko began dismantling the exploration rig while we were on site. They were then going to place a permanent pump on the well as the first of many in the region.
 The flow of oil must be carefully monitored |
 A head on oil well |
Israelis currently pay the highest gas prices in the Middle East. Gasoline is approximately $6.50 per gallon and Diesel is $5 per gallon. If Israel could produce its own fuel, it could mean lower prices at the pump for the average Israeli.
 The oil is just flowing from this dig |
 Oil being extracted |
Oil in Israel can mean less economic dependence on oil from surrounding countries. It could also mean fewer political negotiations with oil producing countries that routinely plot the demise of Israel.
