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721

(post is archived)

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Also their massive gas field discovery and their refusal to play ball with international markets didn't help.

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Member the biggest oil patch in recent histrory?

https://www.haaretz.com/israel-news/business/.premium-geologist-reports-golan-oil-find-firm-stays-mum-1.5406510

> Oct 08, 2015 11:31 AM Geologist Reports Major Oil Find in Israel; Genie Oil executive says discovery in northern Israel points to 'significant' quantities. A geologist for the U.S. energy company Genie Energy told Israel’s Channel 2 television late on Tuesday that the company had found a major oil reservoir on the Golan Heights, but the publicly traded Genie had yet to report any finding itself. “We’ve found an oil stratum 350 meters thick in the southern Golan Heights,” said Yuval Bartov, the chief geologist of, Genie’s Israeli unit, Afek Oil & Gas. “On average worldwide, strata are 20 to 30 meters thick, and this is 10 times as large as that, so we are talking about significant quantities.”

Now there's a catch...

Golan Heights don't belong to israel but syria....

Jew scums being what they are

https://en.wikipedia.org/wiki/Golan_Heights

>The Golan Heights (Arabic: هضبة الجولان‎, romanized: Haḍbatu l-Jawlān or مرتفعات الجولان Murtafaʻātu l-Jawlān, Hebrew: רמת הגולן‎, romanized: About this soundRamat HaGolan), or simply the Golan, is a region in the Levant, spanning about 1,800 square kilometres (690 sq mi). The region defined as the Golan Heights differs between disciplines: as a geological and biogeographical region, the Golan Heights is a basaltic plateau bordered by the Yarmouk River in the south, the Sea of Galilee and Hula Valley in the west, the Anti-Lebanon with Mount Hermon in the north and Wadi Raqqad in the east; and as a geopolitical region, the Golan Heights is the area captured from Syria and occupied by Israel during the 1967 Six-Day War, territory which has been administered as part of Israel since 1981. This region includes the western two-thirds of the geological Golan Heights and the Israeli-occupied part of Mount Hermon.

https://www.rt.com/business/317906-oil-golan-heights-israel/

7 Oct, 2015 15:12

A big oil deposit has been found in the Israeli-occupied Golan Heights, with enough reserves to last Israel for decades, according to the country's media. The Israeli presence in the Golan Heights is in dispute. The region is internationally recognized Syrian territory that has been occupied by Israel since the 1967 Six-Day War between Israel and several Arab states. UN Resolution 242 (1967) demands the withdrawal of Israeli armed forces from the territories occupied in the conflict. Israel disagrees with the wording of the resolution, saying the territories are disputable.

https://cdni.rt.com/files/2015.10/original/5615314bc36188002f8b458d.jpg

Reportedly, the potential production may reach billions of barrels, while Israel consumes 270,000 barrels per day. Israel currently imports up to three quarters of its oil from the semi-autonomous Kurdish region in Iraq, the Financial Times reported in August.

"We are talking about a strata which is 350 meters thick and what is important is the thickness and the porosity. On average in the world strata are 20-30 meters thick, so this is ten times as large as that, so we are talking about significant quantities. The important thing is to know the oil is in the rock and that's what we now know," Israel business website Globes quotes Yuval Bartov, chief geologist of Afek Oil and Gas as saying. Afek is a subsidiary of the America’s Genie Energy.

The reported discovery coincides with the civil war raging in Syria. Israel has been accused of taking advantage of the conflict. The Israeli-occupied Golan Heights also border Syrian territory controlled by anti-government rebels. Israel has reportedly provided medical aid to the rebels and has responded to rocket fire from rebel-controlled territory by striking Syrian Army positions. Israel's explanation has been that it "holds the Syrian military responsible for all events stemming from its territory."

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Also the fact that Europe is now looking to buy their oil and gas instead of the shit we force them to buy.

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tar sands are a helluva drug!