Leviathan Discovery Opens a New Era for Israel

January 5, 2011 by  

WASHINGTON, Dec. 29, 2010 /PRNewswire/ – David Wurmser, Ph.D., founder and executive member of the Delphi Global Analysis Group, LLC (Delphi), today issued the following statement regarding confimation of the Leviathan field offshore Israel as a major natural gas discovery with 16 Tcf of reserves. Delphi specializes in geopolitical risk analysis and mitigation, with a focus on energy development in Israel and throughout the Levant Basin.

“The Leviathan discovery opens a new era of natural gas development offshore Israel. Production of so large a quantity of gas relative to Israel will trigger major political changes. A resource of this magnitude will allow Israel to implement an energy policy that advances security, economic growth, and the environment. From power generation to desalination to transportation, the benefits of significant Israeli natural gas production promise to be profound,” said Dr. Wurmser.

“Israel is now positioned to become an exporter of natural gas. If encouraged by effective public policy, the fiscal, macroeconomic, and geo-strategic implications of developing offshore natural gas promise to rank among the most important advances in the history of the modern State of Israel.

“Accompanying a myriad of positive outcomes attached to Leviathan will be a series of serious political challenges. The temptation of excessive taxation and the internal battles over allocation of government revenue will intensify. Israel lacks energy-sector expertise and financing for large energy projects. Government officials have expressed concerns about concentrations of wealth and power in the hands of a few, as well as the impact of a stronger shekel on Israel’s export-driven economy. Policy makers, energy companies, and the financial community confront a complex and volatile political landscape,” concluded Dr. Wurmser.

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5 Responses to “Leviathan Discovery Opens a New Era for Israel”

  1. Donald E. Everson on January 5th, 2011 2:32 pm

    Hallalejah !!! I have been praying for this day for many years. Even back in the early 50′s, in Northwest College , Kirkland, we were expect great wealth from the Dead Sea, and then the desert “blossemed like a Rose” and now now this — no more just a prayer! We are beside ourselves with joy! But ,I must admit . there is a lot of ” self-seeking” in this too. It seems imperative that Ezekiel 38 can’t be far behind. My prayers for Israel agonize more. For Zech. talks about a” fountain being open” for Israel, the last verse tell us only i/3 will enter, that speaks of a holocast that makes Hitler and Stalin look like ‘dressed rehearsals.
    -Rev. Donald E. Everson. sr. ret. AG

  2. TH White on January 5th, 2011 3:24 pm

    God Bless Israel! May the world see what Almighty GOD will do to prosper HIS people.

  3. Erica Martin on March 5th, 2011 12:50 pm

    Praise God for Israel. He will prosper His nation and people. That is why America must stand behind Israel … they are God’s chosen people, and we must support them, for God will certainly take care of us as well. We serve an almighty and powerful Abba!

  4. wikiriwhi on April 13th, 2011 6:59 pm

    Now we know why the Bible says Armies will surround Israel.

  5. Zajnat on June 25th, 2011 6:46 pm

    Awesome. God.

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