Saturday, February 2, 2013

Why Israel will rule the new Middle East

Jan. 30, 2013: Israel's President Shimon Peres, right, listens as Yair Lapid, leader of the Yesh Atid (There is a Future) party, speaks during their meeting in Jerusalem. (AP/Reuters Pool)

'What many people don’t know is that the land of Israel holds almost 250 billion barrels of oil shale reserves (that’s according to the World Petroleum Council). That’s almost equal to Saudi Arabia’s 260 billion barrels--and as conventional oil sources there and in the Persian Gulf gets harder to extract (it already’s happening) and the cost goes up, Israel will be the new energy frontier of the region.'


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