Israel finds Black Gold

[LongBlade]

Texas Tea.

After Israel complained for years that it was surrounded by oil-rich states but didn't have a drop within its own borders, it appears there's a big-time turnaround with the announcement Wednesday that massive oil reserves have been located in the Golan Heights,close to the country's border with Syria.

Afek Oil and Gas, an Israeli subsidiary of the U.S. company Genie Energy, confirmed the find in an interview with Israel's Channel 2 TVbut conceded that until the oil is actually extracted, they won't be sure of the actual amounts and quality of the oil that has been discovered.

"We are talking about a strata which is 350 meters thick and what is important is the thickness and the porosity," the company's chief geologist, Yuval Bartov, explained. "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."

source: http://www.foxnews.com/world/2015/10/08/potentially-game-changing-oil-reserves-discovered-in-israel/?intcmp=trending

[undercovergeek]

What would a mega rich Israel mean?

[LongBlade]

Probably less than it being energy independent.

[Greybriar]

I think they should have kept the news under wraps. Who knows, the Russians might set up some oil rigs near the Israeli border in Syria and start pumping out the crude.  ;)

[LongBlade]

Israel is so small that I would think this find is both good and bad.

[jomni]

What if they're just sucking into Syria's oil deposits?

[Gusington]

^That's the whole point. The Golan Heights are 'occupied territory' and have been since 1967...in international eyes.

[mirth]

Well, now it's going to be occupied by some drilling rigs.

[Staggerwing]

What if they drill sideways, from just over the Israeli border? Just a few extra miles of bore pipe more or less, right?

[mirth]

What if they drill sideways, from just over the Israeli border? Just a few extra miles of bore pipe more or less, right?

It worked for Monty Burns!

[bayonetbrant]

^That's the whole point. The Golan Heights are 'occupied territory' and have been since 1967...in international eyes.

I thought even the UN admitted the validity of Israel's current borders.

Only in the Middle East can someone attack, get the shit kicked out of them, lose a bunch of real estate, and then have it treated as "occupied"

[LongBlade]

Only in the Middle East can someone attack, get the shit kicked out of them, lose a bunch of real estate, and then have it treated as "occupied"

No, Star's butt does that, too.

[mirth]

Only in the Middle East can someone attack, get the shit kicked out of them, lose a bunch of real estate, and then have it treated as "occupied"

No, Star's butt does that, too.

[Swatter]

What if they drill sideways, from just over the Israeli border? Just a few extra miles of bore pipe more or less, right?

It better be so sideways as to be out of range of a 155mm howitzer.

[Staggerwing]

As usual, the Ra'am and Netz will take care of any howitzers.