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Thanks for the incisive response. It is good to be reminded that chaps like > Dick Cheney since 2009 (former vice president of the United States), Rupert Mu

Thanks for the incisive response. It is good to be reminded that chaps like > Dick Cheney since 2009 (former vice president of the United States), Rupert Murdoch (media mogul and chairman of News Corp), James Woolsey (former CIA director), Larry Summers (former head of the US Treasury), Bill Richardson (former Governor of New Mexico, ex-ambassador to the United Nations and United States Energy Secretary), Michael Steinhardt, Jacob Rothschild, and Mary Landrieu, former United States Senator from Louisiana are just as prone to be taken in by wild schemes as the rest of us mortals.

doodlebugging 4y ago
You're welcome. As soon as I saw the mention of Israel having the world's largest oil field I had to dig into that. I have been reading several industry publications regularly for decades and have never seen that claim made in any of them. The only time you see Israeli oil exploration mentioned it is usually in this same context - a relatively small operator is exploring for the oil mentioned in the Old Testament that, once it is found, will make Israel rich and no longer dependent on foreign sources and this discovery, along with other events, will usher in the second coming of Jesus. This theme is very popular and almost universally allies Jewish owner/investors funding operations in partnership with American evangelical Christians who invest or provide expertise and/or equipment. These people are glad to associate with anything that helps Jesus find his way back. To them, Jesus already has the ticket in his cart and only needs to complete the transaction. Sufficient oil to power Israel at a level greater than her traditional enemies is seen as an inducement. One problem is that the line between friend and enemy in that region is no longer a sharply drawn line from a fine-point pen in dark ink. It has become a fat, multi-hued crayon line over the last several decades with convenient alliances formed among those who had been traditional adversaries as neighboring nations increasingly work toward common goals. Like I mentioned, Israel does produce natural gas now from a regional field that is also seeing development by Lebanon, Egypt, Jordan, Syria, Gaza, and Cyprus. Turkey also may be involved and likely would also be working to control gas produced by Greece and Cyprus. Anyway, natural gas quantities sufficient to decrease the region's alliance on supplies from Russia or other central Asian nations exist and exports of surplus gas to Europe could replace some of the gas formerly bought from Russia. Interestingly enough, eastern Ukraine has tremendous natural gas potential so that, if it were drilled and commercialized, they could become the low-cost provider to Europe. Western companies were planning to drill and frack and then revolutions happened, territory was seized, wars are being fought. Oil shows in Israel are less common since the geologic history makes natural gas more likely due to high thermal maturation (it was cooked off over the millenia leaving gas behind). There is oil in and around Israel. So far though, it is not found in quantities large enough to support commercialization. That's why I replied. I needed to know whether I had missed anything important in my reading.

doodlebugging 4y ago

You're welcome. As soon as I saw the mention of Israel having the world's largest oil field I had to dig into that. I have been reading several industry publications regularly for decades and have never seen that claim made in any of them. The only time you see Israeli oil exploration mentioned it is usually in this same context - a relatively small operator is exploring for the oil mentioned in the Old Testament that, once it is found, will make Israel rich and no longer dependent on foreign sources and this discovery, along with other events, will usher in the second coming of Jesus. This theme is very popular and almost universally allies Jewish owner/investors funding operations in partnership with American evangelical Christians who invest or provide expertise and/or equipment. These people are glad to associate with anything that helps Jesus find his way back. To them, Jesus already has the ticket in his cart and only needs to complete the transaction. Sufficient oil to power Israel at a level greater than her traditional enemies is seen as an inducement. One problem is that the line between friend and enemy in that region is no longer a sharply drawn line from a fine-point pen in dark ink. It has become a fat, multi-hued crayon line over the last several decades with convenient alliances formed among those who had been traditional adversaries as neighboring nations increasingly work toward common goals. Like I mentioned, Israel does produce natural gas now from a regional field that is also seeing development by Lebanon, Egypt, Jordan, Syria, Gaza, and Cyprus. Turkey also may be involved and likely would also be working to control gas produced by Greece and Cyprus. Anyway, natural gas quantities sufficient to decrease the region's alliance on supplies from Russia or other central Asian nations exist and exports of surplus gas to Europe could replace some of the gas formerly bought from Russia. Interestingly enough, eastern Ukraine has tremendous natural gas potential so that, if it were drilled and commercialized, they could become the low-cost provider to Europe. Western companies were planning to drill and frack and then revolutions happened, territory was seized, wars are being fought. Oil shows in Israel are less common since the geologic history makes natural gas more likely due to high thermal maturation (it was cooked off over the millenia leaving gas behind). There is oil in and around Israel. So far though, it is not found in quantities large enough to support commercialization. That's why I replied. I needed to know whether I had missed anything important in my reading.