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Updated over 15 years ago, 02/24/2009

User Stats

1,265
Posts
314
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Jeff Tumbarello
Pro Member
  • Real Estate Broker
  • Fort Myers, FL
314
Votes |
1,265
Posts

this should make things interesting in the Middle East

Jeff Tumbarello
Pro Member
  • Real Estate Broker
  • Fort Myers, FL
Posted

NatGas is the only feasible alternative to oil, though it's not as
inexpensive as TB Pickens suggests.

He's finally driving home the REAL advantage - that it IS an alternative nd can be used to put Arabia back where it belongs - on the dunes, looking for WATER, not more oil to use as a weapon against the willing worldwide sheep.

Israel will probably be attacked for having another handle on the
levers, but they're rather used to being attacked now. They shoot well and are learning to shoot early for a change.

When Israel comes off the oil-standard, oil's going backto "affordable to EVERYBODY", after which we'll again forget we're buying 70% of ours from folks who only want us dead.

Interesting times ahead - Beware The Ides of March will again be
time-stamped for future historians to note to their students. Their
students won't pay attention, so their own March Madness will affect them as it does so often in human history.

It was a rough month for Caesar - we can hope we fare better than he did.:lol:

Huge Israeli Gas Find Even More Massive Than Expected
by Malkah Fleisher
(IsraelNN.com) A massive natural gas find off the coast of Haifa which was lauded as capable of fueling all of Israel for 15 years is actually more than 60 percent larger than originally estimated, according to the American partner in the drill, Noble Energy Inc.The implications of this discovery to Israel cannot be overstatedIsraeli companies Isramco Negev 2, Delek Drilling, Avner Oil Exploration, and Dor Gas Exploration had the majority of the stake on the dig - named Tamar-1 - which is estimated at a potential of 5 trillion cubic feet of natural gas. That estimate is up from January, at which time the partners believed the well contained 3 trillion cubic feet of gas. The team will keep their drilling rig in the area for two more wells they believe may be present as well. "The implications of this discovery to Israel cannot be overstated," said Noble Energy Chief Executive Officer Charles Davidson, in a statement issued after following the revision of the estimate. Isramco shares, which have skyrocketed 736 percent since the start of the year, were 7.2 percent higher on Wednesday morning compared with declines of over 2 percent in the broader market.
Delek Drilling is up 6.4 percent as of Wednesday morning, with Avner up 4.8 percent. Conglomerate Delek Group (DELKG.TA), the parent of Delek Drilling and Avner, is up 5.9 percent.

  • Jeff Tumbarello
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