Sunday, January 18, 2009

Israel Discovers Huge Deposit of Natural Gas!

You may not see this in the Tribune, as they're busy with other newsworthy things - like Michelle's eyebrow tweak. Three massive natural gas deposits were discovered in Israel:

Israel National News: "(IsraelNN.com) The Houston-based Noble Energy company, drilling for Israel’s Delek fuel company, announced that it has discovered a huge deposit of natural gas under the Mediterranean Sea near Haifa.

Infrastructures Minister Binyamin Ben-Eliezer (Labor) said that the find was of “historic proportions,” and that it could change the face of Israel’s economy.

Eighty-seven billion cubic meters, or nearly 3.1 trillion cubic feet, of high-quality gas are estimated to be in three deposits in the Tamar Drilling site, which is named for Delek owner Yitzchak Teshuva’s granddaughter. Teshuva said that the find marks a “historic milestone and a great holiday for Israel,” and that he has no doubt it will “supply Israel’s energy needs for many decades to come.”"
This is very, very good news.

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