Game Changer: Oil And Israel

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Game changer: oil and Israel Jun 11, 2011
The only thing Arabs have going for them is coming from the ground: oil. Oil gave them (political) power and the West put its hands for their eyes for not seeing their constant human rights abuses. Although in a beginning stage and many bears are on the road, Israel might become a major oil player. A complete game changer.

Interesting article:

http://opinion.financialpost.com/2011/06/10/israels-new-energy/

The new energy order is founded on rock – the shale that traps vast stores of energy in deposits around the world. One of the largest deposits – 250 billion barrels of oil in Israel’s Shfela basin, comparable to Saudi Arabia’s entire reserves of 260 billion barrels of oil – has until now been unexploited, partly because the technology required has been expensive, mostly because the multinational oil companies that have the technology fear offending Muslims.

Flying Dutchman
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Re: Game Changer: Oil And Israel Jun 11, 2011
Its probably the current state of tech required and most importantly cost to extract the oil and really nothing to do with offending muslims ? Thats has to be one of the most bizzare comments I've read in a long time.

There is another source, one that is being tapped at the moment much much larger than the saudis, the Athabasca oil sands in Canada which has a massive reserve of 1.7 trillion barrels ! And so does Venezuela making a colossal combined reserve of 3.6 trillion barrels !!!

So unless the Israelis come up with a much more cheaper, less polluting way to extract the oil from the rock shale, I don't think its going to happen soon. Eventually in the future it will as the earths oil reserves deplete.

The Arabs willalso loose or use up all their oil one day and thats a fact, so nothing really game changing about that either.
desertdudeshj
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