Sunday, June 13, 2010

A Geopolitical Game Changer: Massive Gas Resources Discovered off of Israeli Coast

'This discovery is nothing short of a geopolitical game changer. To understand its magnitude, consider this: The world's biggest gas discovery in 2009, 238 billion cubic meters, was made by a U.S.-Israel consortium at a site called Tamar, 60 miles off the coast of Haifa. The nearby Leviathan field is estimated to be twice that size. Altogether the basin in the eastern Mediterranean to which those fields belong could contain an amount of gas equivalent to one-fifth of all U.S. natural gas reserves, and much more will mostly likely be found. For a small country like Israel, such a bonanza could not have come at a better time.'

Human nature being what it is, it was only a matter of time before jealousy, resentment and opportunism kicked in: Naturally, as with anything that Israel develops, discovers or achieves, lowly thieves in the neighborhood lay claim to it. In this case, Hezbollah and their puppet-State Lebanon, claim the gas as their own even though it is not in their territorial water and they had no idea the gas even existed a few months ago. As with the Palestinians in general, they did not invest in any effort to explore its potential, and will not invest a dime to develop it. They will simply make claims.

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