Oil Fields Israel Discovers New Giant Off-Shore Oil and Gas FieldAnother off-shore oil and gas find buries even deeper the old joke that Moses took the wrong turn. Stepping into the Red Sea a good sign? Power Price Rise on the Horizon for Israelis in 2012Israelis will be expected to pay even more than they already have for their electricity by the end of this secular calendar year. MIDEAST NOTES:The Coming Oil-Shale Revolution?The chief executive of Saudi Arabia’s state-owned oil company- Aramco- has admitted that the development of large oil shale reserves in North America looks set to shift the monopoly over global energy supplies increasingly away from the Middle East. Natural Gas Discovered at Dolphin I Exploratory WellNatural gas has been discovered at Dolphin 1, located in the eastern Mediterranean waters 110 kilometers west of Haifa. Energy War? Lebanon Warns Israel ‘Playing with Fire’ OffshoreLebanon warns Israel is “playing with fire” by staking out energy claims in the Mediterranean. Beirut says Israel’s discoveries belong to Lebanon. |
