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I used 'neighbors' very loosely, speaking more about Saudi Arabia, UAE, etc. But you are right. Oil Produced: (Wolfram Alpha) Israel | 5 966
by quizbiz 17y ago
I used 'neighbors' very loosely, speaking more about Saudi Arabia, UAE, etc. But you are right.
Oil Produced: (Wolfram Alpha)
Israel | 5 966 bbl/day (barrels per day)
Syria | 381 600 bbl/day (barrels per day)
Egypt | 664 000 bbl/day (barrels per day)
Saudi Arabia | 9 200 000 bbl/day (barrels per day)
Israel for the political reasons can not afford for its economy to rely on exported oil from Arab states. I'm not even sure if Iran, Saudi Arabia, or the UAE would be willing to export oil to Israel. It's expensive to import it from farther so Israel spends 73.43B/year on oil imports[1]. The opportunity cost of not developing alternatives has been high so solar panels are already a part of the infrastructure (ie: to heat the water in almost every single home).
[1] http://www16.wolframalpha.com/input/?i=oil+import+israel http://www16.wolframalpha.com/input/?i=oil+import+israel