posted on May, 21 2011 @ 10:43 PM
well actually isreal is about to be richer..
oil IS an issue
actually Israel is drilling... they got into it big to my understanding
Rueters- isreal oil shale
* IEI says could produce 50,000 bpd at cost of $35-$40/bbl
* Rupert Murdoch, Jacob Rothschild are key investors
By Ari Rabinovitch
JERUSALEM, April 27 (Reuters) - A subsidiary of U.S.-firm IDT Energy (IDT.N) is leading a push in Israel to tap into the country's vast deposits of
The company, Israel Energy Initiatives (IEI), has already invested "tens of millions of dollars" in preparing a pilot project it hopes to launch by
the end of 2011, CEO Relik Shafir told Reuters.
"If successful, in a few years IEI could start producing 50,000 barrels of oil a day, or 20 percent of Israel's consumption, for 30 years," Shafir
The division of IDT that owns IEI is called Genie Energy, and it has already brought investments from financier Jacob Rothschild and media mogul
Rupert Murdoch. Together they own a 5.5 percent stake worth $11 million, according to a company statement from November.
The only reason I know of it is that a friend called me on something and her friend in the oil industry told her he we would discuss it with her when
he got back... from oil deals in Israel....
as for the political situation he was referring to..
it is better said that the Israelis would turn to aid the political forces that oppose the democrats... Jewish money would turn the election... he
lost a lot with that statement... it may be the election....