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Israel A Potential Oil Giant!


General Urko

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Joined
Oct 24, 2012
Messages
15,751
The old joke about - Q How do we know that God has a sense of humour?
A Because he put his chosen people in the only place in The Middle East without any oil!
seems to be not as accurate as it used to be!

With Untapped Oil Reserves, Can Israel Be an Energy Giant? | TIME.com

What implications does this have, well if oil is found in large quantities for Arab-Israeli relations (I think the old frostiness with Saudi might continue to decrease!) and its relationship with the USA? Does it have implications for a real Palestinian state? What of the right to return?
I guarantee you despite the fact that they may have a few Rambo Burkes among their politicians, their citizens (well The Jewish ones) will receive the most benefit from their natural resources, unlike ours where even Norway will receive far more than our people from our oil and natural gas!
 


Dame_Enda

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Dec 14, 2011
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52,176
Far too early to say. No doubt it would be used by the Israel lobby as a new argument to suck up to Israel. However America is likely to become energy independent in maybe 20 yrs given it's sitting on more oil than Saudi Arabia according to some on Fox News.

Perhaps OPEC could offer Israel membership as part of a final peace deal with the Palestinians/Arabs. After all even if this is true, the yield being talked about in 10 yrs is only 50,000-100,000 barrells a day, compared to millions for Saudi Arabia. So on its own Israel wouldn't be a serious player.
 

L'Chaim

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Joined
May 2, 2007
Messages
18,965
The old joke about - Q How do we know that God has a sense of humour?
A Because he put his chosen people in the only place in The Middle East without any oil!
seems to be not as accurate as it used to be!

With Untapped Oil Reserves, Can Israel Be an Energy Giant? | TIME.com

What implications does this have, well if oil is found in large quantities for Arab-Israeli relations (I think the old frostiness with Saudi might continue to decrease!) and its relationship with the USA? Does it have implications for a real Palestinian state? What of the right to return?
I guarantee you despite the fact that they may have a few Rambo Burkes among their politicians, their citizens (well The Jewish ones) will receive the most benefit from their natural resources, unlike ours where even Norway will receive far more than our people from our oil and natural gas!
Well Israel plans to establish a natural gas profit fund based on Norway’s model. The model entails allocating 3 percent of the country’s gas profits to a fund that the state can use for various national needs. Considered the largest in the world, the Norwegian fund contains about $700 billion, and all investments of the fund are foreign-based.
Shalom: Israel to set up gas profit fund like Norway | JPost | Israel News

In Ireland we seem to have given it all away
 

meriwether

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Dec 1, 2004
Messages
12,591
Well Israel plans to establish a natural gas profit fund based on Norway’s model. The model entails allocating 3 percent of the country’s gas profits to a fund that the state can use for various national needs. Considered the largest in the world, the Norwegian fund contains about $700 billion, and all investments of the fund are foreign-based.
Shalom: Israel to set up gas profit fund like Norway | JPost | Israel News

In Ireland we seem to have given it all away
Thedre is a subtle difference between the development/maturity of Norways exploitation of resources, and ours.

That is, their supply is well established. There is less risk involved. Consequently, the returns to the state are larger, as you pay exploring companies less/give away fewer concessions.

This nuance appears to be wasted on 99% of people who look at our natural resources.
 

Spanner Island

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Joined
Feb 22, 2011
Messages
24,199
The old joke about - Q How do we know that God has a sense of humour?
A Because he put his chosen people in the only place in The Middle East without any oil!
seems to be not as accurate as it used to be!

With Untapped Oil Reserves, Can Israel Be an Energy Giant? | TIME.com

What implications does this have, well if oil is found in large quantities for Arab-Israeli relations (I think the old frostiness with Saudi might continue to decrease!) and its relationship with the USA? Does it have implications for a real Palestinian state? What of the right to return?
I guarantee you despite the fact that they may have a few Rambo Burkes among their politicians, their citizens (well The Jewish ones) will receive the most benefit from their natural resources, unlike ours where even Norway will receive far more than our people from our oil and natural gas!
If such oil shale reserves exist in Israel in large quantities then it's possible and even likely that Syria, Jordan, Egypt and Lebanon would have similar reserves...

I don't think this will change things regarding the Israeli/Palestinian issue one way or another... although it could change the balance of power in the region generally if large oil shale resources are available in those countries that missed out on the liquid oil reserves...
 

Partizan

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Joined
Jan 5, 2005
Messages
7,830
Well Israel plans to establish a natural gas profit fund based on Norway’s model. The model entails allocating 3 percent of the country’s gas profits to a fund that the state can use for various national needs. Considered the largest in the world, the Norwegian fund contains about $700 billion, and all investments of the fund are foreign-based.
Shalom: Israel to set up gas profit fund like Norway | JPost | Israel News

In Ireland we seem to have given it all away
Yep, and therein lies the rub. Israel doesnt have to contend with the likes of the incompetent Zanu FF/FG/Lab clique or with the gombeen and corrupt politicians that come with it, i.e. Messrs Ahern, Flinstone, Inda, Baldy, Gilmore and Burke.

We truly deserve the government we get.
 

zakalwe1

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Joined
Oct 3, 2008
Messages
5,305
Well Israel plans to establish a natural gas profit fund based on Norway’s model. The model entails allocating 3 percent of the country’s gas profits to a fund that the state can use for various national needs. Considered the largest in the world, the Norwegian fund contains about $700 billion, and all investments of the fund are foreign-based.
Shalom: Israel to set up gas profit fund like Norway | JPost | Israel News

In Ireland we seem to have given it all away
interesting strategy....increasing investment diversity (and therefore security) while avoiding the inflatory impact of 700bn washing around the economy.

our klepto politicians would use it grossly overvalue domestic "favoured" companies through senseless investments.
 

meriwether

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Dec 1, 2004
Messages
12,591
Yep, and therein lies the rub. Israel doesnt have to contend with the likes of the incompetent Zanu FF/FG/Lab clique or with the gombeen and corrupt politicians that come with it, i.e. Messrs Ahern, Flinstone, Inda, Baldy, Gilmore and Burke.

We truly deserve the government we get.
Maybe we could elect a few lunatics from the workers party instead?
 

The Preacher

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Joined
May 5, 2010
Messages
684
If Israel came into possession of serious oil reserves, I would have thought the implications for the Palestinians are a no - brainer: they'd be even more fuc*ed than they are now. As it stands the only power in the world that can exert any pressure on Israeli foreign policy is the U.S. since America bankrolls the country. If Israel became independently wealthy they could tell even the Americans to fu*k off and go about implementing their own "final solution to the Palestinian problem."
 

gijoe

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Jul 26, 2010
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15,377
What will the BDS crowd do now? Ask their local forecourt if their petrol or diesel comes from Israel?
 

Clanrickard

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Apr 25, 2008
Messages
32,947
If Israel came into possession of serious oil reserves, I would have thought the implications for the Palestinians are a no - brainer: they'd be even more fuc*ed than they are now. As it stands the only power in the world that can exert any pressure on Israeli foreign policy is the U.S. since America bankrolls the country. If Israel became independently wealthy they could tell even the Americans to fu*k off and go about implementing their own "final solution to the Palestinian problem."
No country exists in a vacuum no matter how wealthy,
 

kalipa

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Joined
Apr 19, 2010
Messages
10,161
This has been know for years.
However the oil and gas fields both in the West Bank and offshore gaza belong to the Palestinians. It seems that they will never benefit from their own resources as Israel will take them just like they are taking their land.
Israel doesn't allow the people of Gaza to fish off their own coast or allow any sea traffic into Gaza using the excuse of arms smuggling when in reality it's to stop them interfering with exploration works that have been going on for the last few years. The Lebanese and Syrians were also concerned about illegal prospecting by Israel in their offshore fields


When the United Nations General Assembly convenes for its annual meeting next month, the PLO/PA will make a request for "non-member state" status. Even if successful, the move would hardly be a game changer. In fact, things may get worse, not least because credible reports of the presence of oil and natural gas in the occupied Palestinian territories are set to make the conflict more explosive than ever.

Documents obtained from Britain's Foreign & Commonwealth Office (FCO) by the Palestine Policy Network (Al-Shabaka) through a Freedom of Information Act request, confirm that there is potential for a Palestinian petroleum sector in the West Bank. According to Victor Kattan, Al-Shabaka's programme director, "The new documents reveal that, in addition, Israel may be exploiting an oil field located near Ramallah within the occupied Palestinian territories. The documents also point to the possible existence of two other oil fields near Qalqilya and another near Hebron."

Judging from its past record, this development would make an end to Israel's occupation much more unlikely and be yet another excuse to tighten its grip over the territories conquered in 1967.
 

former wesleyan

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Nov 29, 2009
Messages
25,865
Yep, and therein lies the rub. Israel doesnt have to contend with the likes of the incompetent Zanu FF/FG/Lab clique or with the gombeen and corrupt politicians that come with it, i.e. Messrs Ahern, Flinstone, Inda, Baldy, Gilmore and Burke.

We truly deserve the government we get.
Are you kidding? The Israeli system is even more ************************************ up than ours , with minority parties gaining seats with less than 2% of the vote. There was a Shas rabbi given the communications portfolio and he didn't own a TV or radio.
 

Analyzer

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Feb 14, 2011
Messages
46,189
I presume that they are NOT taking any economics lectures from the Dithering Socialist of Drumcondra.....

How to sell out your country in many many ways....
 

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