Thursday, December 30, 2010

What a Gas: Energy Issues and an Israeli Discovery

Things just got even more interesting in the Middle East and ramifications for foreign policy and geopolitics as Israel announces the biggest deepwater find of natural gas deposits in a decade -- 16 trillion cubic feet, enough to meet Israel's gas needs for a century.  And perhaps turn Israel into an exporter of natural gas.  Well, well, well.  Game-changing action?  Bonus: the name of the gas field is ... wait for it ... Leviathan.  It's worth tens of billions of dollars.

The best humorous response has to come from Ace of Spades, which offers this snarky thought:
No doubt the Obama administration is hard at work trying to figure out how to force Israel into not only a freeze on settlement construction but also an off-shore drilling moratorium.

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