Israel's Gigantic Natural Gas find has Geopolitical Implications

Posted 7/8/2010 5:00 PM PDT on MyDesert.com

With international pressure, including that of the United States, seeking to isolate Israel's tiny democracy because of its aggressive self-defense, a natural gift has been bestowed on the Jewish nation in the form of one of the world's largest natural gas finds in years. The field is six times the size of Israel's largest city, Tel Aviv, and is estimated to hold almost 500 billion cubic meters of natural gas. At an estimated future value of $300 billion, this massive reserve would more than double the revenues generated by Israel's current annual gross domestic product.

Last year, a U.S.-Israel consortium, listed on the Nasdaq stock exchange, as Zion Oil and Gas, made the world's largest offshore discovery of 2009, 60 miles off the coast of Haifa, Israel. The capacity of this field, Tamar, has been estimated at 238 billion cubic meters. Although significant, Tamar is less than half the size of appropriately-named new find "Leviathan." Once the full scope of natural gas reserves within Israel's territorial waters are discovered, it's anticipated that they will contain the equivalent of one-fifth of U.S. natural gas reserves.

This development would catapult Israel from a nation dependent on natural gas supply from such potentially hostile neighbors as Turkey. Before Ankara’s recent estrangement with Israel, Turkey was to connect its pipeline from Russia with Israel. Qatar, a major Mideast producer of that increasingly popular fossil fuel, was also being considered, despite the Arab boycott.

But once fully utilized, the new fields’ overabundance of natural gas supplies would provide Israel with 100% of the natural resource to power its electrical generators, and even transform that embattled nation into a major exporter. This comes at a time when this fossil fuel alternative to oil is becoming increasingly popular throughout the world. It will provide Israel's already high per capita income economy greater independence from offshore suppliers and greatly reduce that nation's lingering trade deficit.

Although no specific date has been set for the development and operational usage of these fields, the realistic expectation of this plethora of natural gas riches will add to Israel's future economic development for a population already exceeding 7.5 million.

American Christian Evangelists have been in the financial forefront of Israel's fossil fuel development for years, citing the New Testament's Revelations of a divine unveiling of riches in the Land of Israel at the time of its greatest tribulation.

At the very least, this economic windfall will strengthen Israel's inner strength immeasurably, both geopolitically and economically.

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Weekly jobless claims were down 21,000 at 454,000, still above the high 450,000 mark, which has not been breeched in the post recovery unemployment scene. However, continued claims dropped 224,000, which may have been due to curtailment of extended compensation. High claims had exceeded 651,000 in March 2009.

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"it could have been" "it may happened this way .." "we think it might have" "the analysis points towards"   ....  does this sound familiar ?     Yes, evolution books are FULL OF these kind of conjectures in their text books.    This is the garbage they brain wash our kids with in school every day!


 No hard evidence to prove evolution.

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