Liquid Gold under the Negev?


By Yvetta
October 19, 2010
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New Survey Indicates Large Oil Field Buried Under Negev Sand
by Tzvi Ben Gedalyahu

A new preliminary geological survey indicates 26 million barrels of recoverable oil—worth $2 billion—may be sitting underneath the sandy soil in the area of two kibbutzim in the Western Negev, near Gaza.

Energtek announced it has received a geological survey on the Nir-am—Sa'ad block, “identifying the potential for exploitable oil and natural gas reserves.” Its subsidiary Energtek Products has the exclusive license to explore and exploit the resources in the area.

The firm added, “Current estimates will need to be confirmed by additional studies. Additional seismic analysis, modeling and further verifications are required to compile more accurate data on the fields and to provide more accurate reports on actual recoverable reserves.”

Besides the estimates of oil at a depth of 2,000 meters, or approximately a mile and a quarter, the preliminary survey also reports an additional estimate of 12 million barrels of recoverable oil at depths of up to 4,000 meters, worth $900 at current prices.

Read more:
www.israelnationalnews.com/News/News.aspx/140164

COMMENTS

mattpryor

Tue, 10/19/2010 - 17:47

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Ooh I wonder if Israel will be invited to join OPEC? ;)


JLCohen

Tue, 10/19/2010 - 18:35

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Oy vey, this is such an awkward situation for a Jewish environmentalist! On the one hand, I hope it's true and Israel (being the only Middle Eastern state that would spend at least some of the money on good things such as healthcare, schools and so on; rather than missiles, secret police and bombing Israel like all the rest of the nations in the region would) but then on the other I hope it isn't because the oil'll probably end up used as fuel, creating yet more pollution. This would be especially unfortunate when Israel is a world leader in clean solar power!


clevenson (not verified)

Tue, 10/19/2010 - 21:28

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Israel (being the only Middle Eastern state that would spend at least some of the money on good things such as healthcare, schools and so on; rather than missiles, secret police and bombing,

Dear Me JL Cohen Israel would never do that would they?
Israel is such a peace loving country isn't it. How many did they murder in Gaza? and then they have the audacity to go on about one soldier held in captivity who could have chosen not to join the IDF.

Nice picture Yvetta!


JLCohen

Wed, 10/20/2010 - 11:41

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And dear me, Clevenson, if you take the time to re-read my post rather than just fly off the handle you'll see that I didn't actually say Israel would not spend money on the military. Of course they would - as would any state surrounded by other states that have spent much of the last 60 years making it clear they want to wipe them off the local map.

What I actually said was Israel would spend at least some of the money on good things such as healthcare, schools and so on - and even with your anti-Israeli sentiments, you've got to admit that they would - whereas other Middle Eastern nations would spend the majority, if not all, of the money on weapons. The remainder of your reply is made up of points of view, to which you are entitled, so I'm not even going to try to argue; however, as a peace-loving, law-abiding citizen who appreciates democracy and enjoys the right to hold my own points of view even when those views are critical of a government (and there are many points on which I criticise the Israeli government, being as I am a lifelong left-winger) I have to say that I'd far rather live in Israel than any other Middle Eastern state. Israel, after all, has the best schools, hospitals and public infrastructure in the region, because the Israeli government realises that these things are important.

If you fail to understand why this is, you might want to try a little experiment. Go to Tel Aviv, Jerusalem, Haifa or any other Israeli city with a soap box and stand on it, while loudly attacking the Knesset and Israeli goverment policy to the passers-by. Having done so, try doing the same thing in Gaza City, Beirut, Riyadh or Tehran. Be careful to follow these instructions carefully - starting the experiment in any of those non-Israeli cities is liable to result in a lengthy prison spell (or even capital punishent), which tends to hamper your chances of then going to Israel.


JLCohen

Wed, 10/20/2010 - 11:44

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Erm...there should have been a tag to close the italics right after and so on in the second paragraph, obviously. Doh.

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