I’ve been updating regularly on the stories related to Israel’s bright energy future (see links below). Here’s a new story that makes for exciting reading. Some highlights from the piece:• “Within a few years, Israel will become one the largest producers of oil and gas in the world.”
• Huge quantities of oil shale will make it possible to produce oil in quantities approaching the production of Saudi Arabia.• The gas reserves in Israeli territory amount to at least fifty trillion cubic feet (twice the quantity so far discovered).
• Dr. Vinegar says, “I have examined oil shale deposits all over the world, and nowhere have I seen a reservoir to compare with what we have here in terms of the richness and thickness of the stratum,” Vinegar says. “Just in IEI’s license area, there is a potential for 40 billion barrels of oil. In Israel as a whole, there are in my estimation 250 billion barrels of oil, and perhaps more. The reserves of Saudi Arabia, for the sake of comparison, are estimated at 260 billion barrels.”
The bad news: Bureaucracy and knee-jerk enviromentalcases.• Dr. Vinegar says money and technology will not be obstacles to realizing the vision. However, bureaucracy and objections by local residents and by environmental organizations are likely to delay it for a long time.
Here is an excellent primer on shale technology and Israel’s Shefla basin by Judith Levy, writing at Ricochet.
Previous posts related to Israel’s bright energy future:Globes Business – “Within a few years, Israel will become one the largest producers of oil and gas in the world.” That is the belief of Dr. Harold Vinegar, who until three years ago was Chief Scientist, Physics, of energy giant Royal Dutch Shell.
Talking to “Globes”, Vinegar says that he estimates that exploration for gas will yield impressive results, but that Israel’s true future lies in oil. He believes that the chances of finding regular oil are not high, but that huge quantities of oil shale will make it possible to produce oil in quantities approaching the production of Saudi Arabia.Vinegar’s deep seated belief led him to join IEI (Israel Energy Initiatives), which seeks to produce oil from oil shale in the Judean plain region. Money and technology, he reckons, will not be obstacles to realizing the vision. However, bureaucracy and objections by local residents and by environmental organizations are likely to delay it for a long time. (the whole thing >>)
- Louisiana to also prosper from Israel’s massive gas finds
- More gas found at Israel’s Tamar field
- Hezbollah threatens Israel over maritime borders and gas fields
- Israel’s energy future gets even brighter – 2 more massive gas fields, Myra and Sarah, confirmed off coast
- Tiny Israel to become oil, gas, and solar energy Goliath
- Spengler: Israel to become regional superpower by end of century as population hits 24 million
- New data: Israel may have 3rd largest deposit of oil shale in the world
- Israel on its way to joining “the energy-rich super-elite”
- Another big energy find in Israel’s future?
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