What would it mean to America if there were another Middle Eastern country that could produce oil on the Saudi Arabian scale? We imagine that President Obama would want to fly over immediately and bow to its leader. Until, that is, he found out that country is Isreal.
The Jerusalem Post reveals light in the desert:
…Dr. Yuval Bartov, chief geologist for Israel Energy Initiatives, … presented data that [Israel’s] oil shale reserves are actually the equivalent of 250 billion barrels (that compares with 260 billion barrels in the proven reserves of Saudi Arabia).
…As a consequence of these new estimates, we may emerge as the third largest deposit of oil shale, after the US and China.
.. new technologies, being developed for Israeli shale, seek to separate the oil from the shale rock 300 meters underground …
…The present goal is to produce commercial quantities of shale oil by the end of the decade.
…a unique method for separating oil from shale deep underground, [would change] the entire global oil market. The effect … would be to shift the center of gravity of world oil away from Iran, Saudi Arabia and the Persian Gulf to more stable states…
There’s little President Blowhard and his windy city gang can do. The oil market is world-wide. If one country shuns Israeli oil, another will buy it, forcing prices down.
Now that’s change we can really believe in.
– Written by Bonfire of the Absurdities
Source: Jerusalem Post