HAIFA, Israel – 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.”

“There is enormous excitement,” Bartov said. “It's a fantastic feeling. We came here thinking maybe yes or maybe no, and now things are really happening.”

According to a September 2014 Times of Israel report on the Golan exploration, Genie Energy is chaired by Howard Jonas and counts among its more notable investors the “former US Vice President ****** Cheney, Michael Steinhardt, Jacob Rothschild, and Rupert Murdoch.”

Experts say actually extracting meaningful quantities of oil from the deposits is likely some time away. Some have suggested that while the find could be very significant, the announcement might have as much to do with the share price of the exploration company as the actual certainty that oil will be produced at the site.

The other key consideration in the development of the potential oil feed is its close proximity to the vicious fighting taking place just over the border in neighboring Syria, where ISIS and other jihadi organizations had been battling the Syrian forces of President Assad and his Iran-backed allies Lebanon-based Hezbollah even before Russia’ recent entry into the regional conflict.

Most recent rocket strikes into Israel’s Golan territory have generally been declared stray fire by the Israel Defense Forces, but regional experts point out that the potential costs and challenges of protecting future oil fields so close to the war zone, as well as the large target it would provide for enemy fire, could prove challenging should the project indeed come to fruition and provide the Jewish state –where a reported 270,000 barrels of oil are consumed daily - with its own source of ‘black gold’.


Film at 11.... 🤔 🤔

This could potentially be a game changer in the Middle East. Hopefully, it will lead to the US not having to bolster the Israel economy any longer. 🌫

It'll prolly cost us a lot more until the oil starts flowing... Gonna be tough to protect it and keep it flowing once it starts... 😟

it's never easy for them.

Let Isis mess with Israel please!! Be like watching the JV team try to take on the Montana era 'niners. Come to think of it I can't believe they've (Israel) been silent for this long and thus far against the Muslim bastards. They generally launch air strikes first and ask questions later.

despite what some perceive (not you), they strike first as a preemptive measure, a defense first philosophy, or else they would have had all of the surrounding territory a long time ago.

If ISIS gives them a reason to believe they plan an attack, they will not hesitate. Oil could be an incentive for their foes...
I really hope not.

I would keep an eye on Cheney and Haliburtin if I was them.

ISIS/Talaban etc have been stifeling the Russia/Soviet Union and US for decades or longer. Israel would be no more effective. They are like cochroaches. Hmmmmm. Maybe we need to isolate and eliminate all life form in a large area plus a buffer zone.

As for oil, given our history we'll prolly spend all our resource to lift them up until they can do it on their own then they will chant death to America and hate us and stuff.

Or we'll give them a few billion to get it out of the ground so they can sell it to China... kinda like we did for Brazil... 😟