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August 3, 2010

Huge Natural Gas find in Israel


Top official hails 'historic moment' that could transform nation's future

World Net Daily

A huge deep-water natural gas find off the coast of Israel promises to be a boon to the Jewish state's economy as well as a stimulus to other developers searching for offshore oil and natural gas in the Mediterranean.

Noble Energy, a New York Stock Exchange-listed company, has discovered an estimated more than 3 trillion cubic feet of natural gas in three high-quality reservoirs drilled in the company's Tamar No. 1 well in the Mediterranean Sea, about 56 miles off the Israeli northern port of Haifa.

Noble Energy drilled the Tamar No. 1 well to a depth of about three miles, beneath 5,500 feet of water.

The find is significant for those who believe the Bible indicates Israel is sitting on a massive oil reserve that would reshape the geopolitical structure of the Middle East.

(More...)

7 comments:

Teresa said...

This is great news!! There are so many places where either natural gas or oil is located and needs to be drilled but those enviro-weenies refuse to allow those places to be drilled, and want to send us back to the Stone Age where you couldn't even get your hands on electricity. I guess Libs like that primitive way of life.

Nate said...

OUTSTANDING!!!

Now if somebody would poke a hole in the huge natural gas deposit that is Washington DC....

LL said...

Israel needs something like this to stay economically afloat. With the US funding Palestinians and cheering on Israel's enemies, it couldn't have come at a better time.

Kid said...

Very interesting development.

And I don't believe oil is fossil fuel.

Anonymous said...

Good for the Israelis. Interesting times we live in, for sure.

Lori Heyd said...

Welcome to my blog, Nickie! I am checking your out now....Lori

Woodsterman (Odie) said...

Alright, the drinks are on the Jews.