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Post by Daniel on Oct 8, 2015 8:06:08 GMT -5
Israel Oil Discovery: Massive Reserve Could Meet Domestic Demand, But Obstacles To Production Lie Ahead
By Michael Kaplan
October 07 2015
A massive oil reserve has been discovered in the Golan Heights by an Israeli energy company, regional news outlets reported Wednesday. The find by Afek Oil and Gas, confirmed to be 10 times larger than the average oil field worldwide, could boost Israel’s relatively young oil industry and meet domestic energy demands.
"There is enormous excitement,” Yuval Bartov, the oil and gas chief geologist for Afek, told Channel 2 News, according to Globes. “It's a fantastic feeling. We came here thinking maybe yes or maybe no and now things are really happening."
Israeli oil companies were searching for oil around the clock, with little success until the latest discovery. It was first announced last month, but the size of the find was only confirmed recently. Afek Oil and Gas is a subsidiary of American company Genie Energy. Since Israel’s founding, companies have drilled 530 exploratory wells in search for oil, but few of them have turned up commercially viable product, the Times of Israel reported.
The recently discovered oil reserve was expected to provide billions of barrels of oil.
continue reading
www.ibtimes.com/israel-oil-discovery-massive-reserve-could-meet-domestic-demand-obstacles-production-2130639
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fearnot
Living With Pain
Posts: 8,396 
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Post by fearnot on Oct 9, 2015 12:36:11 GMT -5
How wonderful!!! I do hope and pray they can overcome any production problems soon!!
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Post by Daniel on Oct 9, 2015 14:18:53 GMT -5
I believe the bigger issue will be that Syria still has a claim to the Golan Heights and may potentially be one of the 'hooks in the jaw' of Gog as he intends to take a great spoil from Israel.
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fearnot
Living With Pain
Posts: 8,396
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Post by fearnot on Oct 9, 2015 17:33:00 GMT -5
I didn't know that
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Post by Daniel on Oct 12, 2015 9:41:29 GMT -5
Israel makes massive discovery of oil in the Golan Heights. Is this a prelude to the “War of Gog & Magog”? Here’s the answer, Part Two.
Joel C. Rosenberg
October 11, 2015
(Central Israel) — It has been a dramatic month here in Israel, and we’re only eleven days in.
At the moment, we’re experiencing a rash of violence, including a series of stabbings by Arab terrorists, Arab rioting in various cities, and other attacks against Jewish people. Last night, terrorists in Gaza also fired a series of rockets at southern Israel. Fortunately, the Iron Dome system shot down one of the rockets and no one was injured by the others. The Prime Minister has deployed additional police and soldiers to increase security. He has also deployed additional Iron Dome batteries in the south. Please pray for a restoration of calm. We’re not worried. Life is going on nearly as usual here. But life is never dull here, and we need the Lord to move mightily to restrain the forces of evil.
That said, two much bigger stories have also captured people’s attention here in recent days.
THE EMERGING RUSSIAN-IRANIAN MILITARY ALLIANCE ENTERS COMBAT. The first story I’ve already noted on this blog, but it’s importance cannot be overstated. We are witnessing a stunning move by Russia and Iran as they send military forces into combat in Syria. For the first time, these two nations — historic enemies — are operating together in a military alliance, one that will have profound consequences for the security of the region, and one that poses a grave danger to the security of Israel.
ISRAEL MAKES MASSIVE DISCOVERY OF OIL. The second big story I have noted on Twitter but not yet on this blog. Israel this past week announced the discovery of a massive oil patch in the Golan Heights, along the border of Syria, that could make the Jewish state energy independent for decades to come. I have previously reported Israel’s discovery of massive amounts of natural gas off the Mediterranean coast. But while there has been speculation about the presence of oil in Israel, a major discovery has never been confirmed until now.
“Energy geologists estimate that billions of barrels of crude oil are available in shale in the occupied Golan Heights, but will Israel be able to get to it? If it can, the field could make the Jewish state self-sufficient in oil for years,” explains a news report from NASDAQ. “Afek Oil and Gas, a subsidiary of the U.S. company Genie Energy had been drilling in the southern Golan Heights for more than a year, and in September announced the discovery of the shale deposit. But the size of the field wasn’t confirmed until Oct. 7. In an interview with Israel’s Channel 2 News, the company’s chief geologist, Yuval Bartov, said, ‘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 10 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.'”
Consider, too, these headlines:
Huge oil discovery on Golan Heights (Globes, the Israeli financial newspaper)
Major Shale Find Could Guarantee Israel’s Oil Supply For Years (NASDAQ)
Geologist Reports Major Oil Find in Israel (Haaretz)
Major oil reserve said found on Golan (Times of Israel)
Readers of my novels and my non-fiction books will recall that in the past I have suggested such events will happen one days, and could set into motion the fulfillment of the prophecies of Ezekiel 38 and 39, what Bible scholars call the “War of Gog and Magog.”
continue reading
flashtrafficblog.wordpress.com/2015/10/11/israel-makes-massive-discovery-of-oil-in-the-golan-heights-is-this-a-prelude-to-the-war-of-gog-magog-heres-the-answer-part-two/
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