Sunday, November 21, 2010

OECD Asks Israel to Share It's Growing Wealth With the Palestinians

Israel should share its wealth with its neighbors, not just for ethical reasons but also for economic ones, visiting OECD Secretary-General Angel Gurria said Sunday: “Israel should share its great wealth with its neighbors, like the Palestinians, in areas like governance and investment, as well the building of institutions.” The Neocon is not necessarily opposed to that. but one wonders why the rich Arab nations don't "share their wealth" with their neighbors?

Meanwhile, in another potential game-changer, Rupert Murdoch and Lord Rothchild are investing in a new Israeli method of energy production. The company believes that its shale oil cracking technology can free the world from dependence on Arab oil and turn Israel into an energy powerhouse able to produce 300 billion barrels of non-conventional oil at a cost of up to $40 per barrel.

Of course, Israel is already on the road to becoming a major energy exporter with the discovery of massive amounts of natural gas off of it's Mediterranean coast.

1 comment:

  1. When the Palestinians are ready to share peace with Israel, by agreeing to a "two-state solution," then Israel will be able to reciprocate with technical assistance in the building of governance institutions. But isn't Palestinian Prime Minister Salaam Fayyad supposedly already developing those institutions?


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