THE DISCOVERY THAT MIGHT CHANGE EVERYTHING: ISRAEL HAS AS MUCH OIL AS SAUDI ARABIA

YNET:

... 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.

IEI is working on an ambitious project to extract oil and natural gas from oil shale from a 238 sq km area off the Shfela Basin, southwest of Jerusalem.

... According to Dr. Vinegar, Israel has the second-biggest oil shale deposits in the world, outside the United States. “We estimate that there are the equivalent of 250 billion barrels of oil there. To put that in context, there are proven reserves of 260 billion barrels of oil in Saudi Arabia.” he told The Times.

Once operational, IEI estimates that the cost of production of shale oil would be between $34-40 per barrel. This would make it comparable to the current price of $30-40 per barrel for deepwater oilfield and cheaper than Canadian sand oil and crude oil extracted from the Arctic.

IMAGINE IF THE WHOLE WORLD GOT FREE OF ITS "ADDICTION" TO MIDDLE EAST OIL?

WE COULD TELL THE ARABS TO GO EFF THEMSELVES IF:

• WE FULLY EXPLOITED BRAZIL'S DEEP-WATER FINDS...

• AND CANADA'S OIL SANDS...

• AND ALASKA'S ANWR OIL...

• AND NORWAY'N BRITAIN'S NORTH SEA OIL...

• AND NOW ISRAEL'S GAS AND OIL -

• AND IF WE ALSO PRODUCED MORE COAL ENERGY.

THE ONLY THING BETWEEN THE FREE WORLD AND CHEAP ENERGY IS THE LEFT AND THEIR IDIOTIC BELIEF IN AGW.