By Micah Halpern
Thursday December 30, 2010
I've Been Thinking:
Israel and the US energy company Nobel Energy jointly announced that they have discovered a reserve of 16 trillion cubic feet of natural gas. The find is valued at $95 billion. This reserve is located 100 miles off the coast of Haifa.
This discovery is the largest natural gas find in of the last decade. This discovery will turn Israel into one of the world's great exporters of gas in the next few years. This reserve lies about 30 miles away from another recent find called Tamar, valued at $15 billion.
The name given to the newly discovered site is Leviathan... also known as the enormous beast.
These discoveries are true game changers - for the region and for the world.
Micah@MicahHalpern.com
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