Guess What? Lots Of Oil, Natural Gas In Gaza!

Guess What? Lots Of Oil, Natural Gas In Gaza!

www.rense.com
(visit the link for the full news article)

Incredible news. I know it's coming from Rense but their sources seem credible (govt blog and other). This would give a whole new dimension to the palestinian crisis and probably a death sentence for the people of Gaza.
Can anybody confirm these findings? If this is true is there a darker motive to israeli invasion?

www.rense.com
(visit the link for the full news article)

[edit on 8-1-2009 by TheOracle]

Wow, that would certainly give pause to those who say this is just about the land itself. Now it may be what's under it and off the coast.

Then again who'd develop it right now? Oil is almost $40 right now ($42.11 according to CNBC as of 12:53am eastern time) and with no ability to borrow I doubt they'd be able to extract it for a profit. Sure oil is likely to rise again (though unless some major crisis occurs that won't be until the economy starts growing again), but if Obama comes through and pushes more green technology you never know what that will do to American demand and how that would affect the price of oil and the Gaza's ability to get money for its extraction.

reply to post by Sir Solomon

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oil is bound to rise, certainly aftr the recession is over

reply to post by TheOracle

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You mean darker than wanting to drive the Palastinians into extinction? I think invading for oil is quite a bit less dark than that.

reply to post by TheOracle

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Yes it well but will it be enough to prompt development?

Something else to consider would be if anyone would be willing to undertake the risk of developing. I only bring this up because of the deposit's placement. It will need to be pumped onshore to be loaded onto tankers, which is ok under normal circumstances, but as has been seen in Nigeria, this makes the oil a target for bombings or sabotage (either by those living in the Gaza Strip if the oil is controlled by Israel or the other way around for fear of giving them money to fund themselves).

The Niger Delta is literally awash with oil , but you wouldn't think it if you saw the poverty of the region.
If there is oil , it would be a fantastic injection of capital into the region.
Though I don`t think Israel would tolerate a Palestine any other way , than on its knees.

Yep..a new oil drug IV injection alright..something to continue the addiction with. YAY Im really excited about that! Wow more oil drug, gimme more more MORE!!! (NOT).



Cheers!!!!

Reported it on discussion 'Rockets from Lebanon hits Northern Israel' Thread.

I heard it on Republic Broadcasting networks dated yesterday(7 jan 2009).

ATS Post

reply to post by TheOracle

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This is also bad news for the oil producing Arabs
think about it, oil price sucks ,
like putting more gold on the market, less there is the better the value.

I hear what your saying , i just don`t begrudge the people some hope.
Not when the only reminder of you infrastructure is the grit between your teeth.

That's not quite right, the Arabs as far as I know only sell crude oil. The industrialized nations buy the crude, then choose not to refine it to artificially drive up the price because there is demand for an artificially scarce resource. I can't say how much a barrel of crude is worth right now, but those Arab states know how much refined oil is going for, and will adjust their prices accordingly.

It used to be conspiracy theory, but now it's right out there in the news. One guy who sells oil said that the price of oil was dropping too much, so he was going to produce less refined oil to drive the price back up. I think that should be illegal, but maybe that's just me.