There has been a bit of news released here on face book. This is an article by Jonathan Mark, associate editer, titled, The Great Israeli Oil Rush Howard Jonas’ financial dream team–Lord Jacob Rothschild came on board this week–sees Saudi-level potential. dated 11/16/2010, from a publication called | The NY Jewish Week: (excerpt) Golda Meir often told the old Jewish joke (though hardly thinking it funny), why did Moses shlep us for 40 years to the one place in the Middle East without oil? Now, from Golda to black gold, an oil rush is on, with some of the top businessmen in the world betting big money on Israeli oil, and the only laugh may be the last laugh. Howard Jonas, a major philanthropist and founder of IDT, once primarily known for its telecom business, told The Jewish Week, “We believe that under Israel is more oil than under Saudi Arabia. There may be as much as half a trillion barrels. The Saudis have 260 [billion barrels]; Israel definitely has at least 300, and might have as much as [500].” ......If Jonas, Steinhardt, Rothschild and the rest are able to turn Israel’s underground shale into an oil reserve the size of Saudi Arabia’s, thereby changing the geopolitical and economic balance of the Middle East, they’ll be heroes, too, giving Israel a gift beyond all their prior philanthropy combined. And that Moses fellow, maybe he knew what he was doing. thejewishweek/news/israel/great_israeli_oil_rush
Posted on: Mon, 28 Jul 2014 09:48:27 +0000