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2010-10-26 Israel-Palestine-Jordan
Israel as Fossil-Fuel Giant: How Many Ways Could this Change the Game?
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Posted by  Bernie 2010-10-26 00:00|| || Front Page|| [11131 views ]  Top

#1 20,680,000 bbl/day == US daily oil consumption ==> Meaning ... The Israeli find could feed the US for 1 Day.
So no on oil.

Now the Natural Gas discovery is a whole nother ball game if it is 16 trillion cubic feet ...

Posted by Water Modem 2010-10-26 00:49||   2010-10-26 00:49|| Front Page Top

#2 If the natural gas pans out at large levels like that.. Israel should move it's whole transportation fleet to natural gas (maybe weapons too) and save a bundle over everybody else.
Posted by Water Modem 2010-10-26 00:51||   2010-10-26 00:51|| Front Page Top

#3 Natural Gas is too flammable to use in military vehicles. There is more than one reason most use diesel. Range via mileage and crew safety among them.

We had Tanks nicknamed "Zippo's" in WWII because of how easily they lit when hit. And that was with gasoline.
Posted by tipover 2010-10-26 01:42||   2010-10-26 01:42|| Front Page Top

#4 Those are pretty tiny numbers. Israel consumes about a quarter of a million barrels a day. 12 million barrels is about 48 days of supply.
Posted by crosspatch 2010-10-26 02:00||   2010-10-26 02:00|| Front Page Top

#5 So much wishful thinking on this one. It's sad.
Posted by gromky 2010-10-26 06:26||   2010-10-26 06:26|| Front Page Top

#6 Israel could build a large GTL (gas to liquids) plant and generate quite a bit of diesel to supply their military needs, plus convert long haul trucking, taxis and buses to NGVs a'la Japan.
Posted by Thanter Borgia2105 2010-10-26 09:03||   2010-10-26 09:03|| Front Page Top

#7 With large enough supply of energy, and with the price low enough, you can do anything. Gas-to-liquid conversion is one of the things that could work. For Israel, or for the USA.
Posted by Anguper Hupomosing9418 2010-10-26 11:47||   2010-10-26 11:47|| Front Page Top

#8 It could work for the USA if we didn't have the greens and the bureaucracy driving power generation towards natural gas, and thus inflating its price for potential other uses such as gas liquefication.
Posted by Thing From Snowy Mountain 2010-10-26 12:51||   2010-10-26 12:51|| Front Page Top

#9 Could probably make ultra-clean synthetic diesel from natural gas for about $10 per gallon.
Posted by Glenmore 2010-10-26 13:00||   2010-10-26 13:00|| Front Page Top

#10 Israel imports natural gas from Egypt now. That costs a lot. In addition, Israel's electricity is generated from imported oil. Natural gas would be cheaper especially if it were domestic. It helps the economy a good deal but I don't see it changing much in a geopolitical sense or even much in a cultural sense. There could be a fair amount of oil in the off shore reservoirs but that again is just another bump up, not a game changer.
Posted by lord garth 2010-10-26 13:12||   2010-10-26 13:12|| Front Page Top

#11 Worst part of this is it kills the old joke about the Juice wandering in the desert for 40 years before they found someplace in the ME without oil.
Posted by SteveS 2010-10-26 22:08||   2010-10-26 22:08|| Front Page Top

#12 Ditto massive discovery [shale oil]in CENTRAL TURKEY.

* TODAYS ZAMAN > ECONOMIST PREDICTS RISE OF THE EAST, DECLINE OF THE WEST, oer next 50 years [2050-60] wid Turkey in prime or advantageous position to lead econ + geopol growth, expansion of BRIC + CIVETS Group of Nations vee US-WEST???

In related News, TURKEY FINALLY DISCOVERS NOSTRADAMUS' "CIVETS" ACRONYM AFTER DECADES OF SEARCH.
Posted by JosephMendiola 2010-10-26 22:15||   2010-10-26 22:15|| Front Page Top

23:41 JosephMendiola
23:40 newc
23:39 JosephMendiola
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23:16 JosephMendiola
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22:45 CrazyFool
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