Israel Finds Second Largest Oil Reserves In Its Shale Deposits

Could Israel become the oil production leader?



With second largest oil shale deposits in the world, some believe it's very possible

David Shear Published: 04.01.11, 09:23 / Israel Business




The punch line to a joke that’s been told by generation of Jews soon will need to be changed.




“Let me tell you something that we Israelis have against Moses. He took us 40 years through the desert in order to bring us to the one spot in the Middle East that has no oil!”




This joke was made famous by Golda Meir, the former prime minister of Israel, and for many years held a lot of truth. The lack of oil and natural gas is seen as one of the main reasons Israel has become one of the world’s leaders in technology, green energy and health science.



But with the recent findings of the Tamar and Leviathan natural gas reserves off its waters, Israel has a future as an energy independent country. By why stop there? Some believe that Israel could become one of the world’s leading oil producers.



Such is the plan of Harold Vinegar and his colleagues. Dr. Vinegar, the former chief scientist of Royal Dutch Shell, and current chief scientist at Israel Energy Initiatives (IEI), believes that with Israel’s oil shale deposits, this could be reality.


...

[link to www.ynetnews.com]

Last Edited by Account Deleted by User on 04/04/2011 11:11 AM