Tuesday, July 10, 2012

Tensions Boil as Israeli Oil Riches Grow

Israel’s once hidden oil riches are now certain to be so large its treasures could make it the richest oil country in the world.  And, its neighbors are not only noticing, they’re boiling mad.

It was just forty years ago when Golda Meir, the former prime minister of Israel once famously quipped, “Why did Moses lead us to the one place in the Middle East without oil?”

Well Prime Minister, Moses turned out to have a pretty good eye for what a promised land might look like.

Since oil was first discovered in the Middle East, Israel has been cut off from the world’s exploration resources because of its Arab neighbors.  No major oil company would dare explore there in fear of an Arab backlash.  Over time technologies in oil exploration have improved and international experts have noticed Israel’s potential. -- Ed DeShields, Omega Letter

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