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Old 09-28-11, 08:03 PM   #1
the_tyrant
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Join Date: Jun 2010
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Default Major oil deposits in Israel

http://www.bbc.co.uk/news/magazine-15037533
Quote:
Prospectors in Israel say hundreds of feet below the ground lies shale rock that can be converted into billions of barrels of oil. But environmentalists say it's a disaster waiting to happen.
what interests me is this:
Quote:
Mr Nguyen's company claims Israel may turn out to have oil deposits comparable to Saudi Arabia, which sits on an estimated 260 billion barrels.
potentially its possible for this find to change the power balance in the middle east
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