By Micah Halpern
I've Been Thinking:
Gas is flowing.
Tamar, one of several Mediterranean natural gas fields, is now open and flowing to Israel. It took a long time and a lot of money, but this is the start of Israel becoming energy independent. That is a monumental event.
When the project began, many people thought it was a pipe dream - and now a huge deposit of natural gas is flowing underwater to Israel.
Tamar is located about 56 miles off the coast of Haifa. The drilling went down 3 miles below sea level. It takes 30 hours for the gas to travel from the field to Ashdod where it will be processed and then sold.
The hope is that Israel will become totally energy independent by 2035. That will happen when this field, Tamar, together with other fields like Leviathan which is scheduled to open soon begin producing more and more gas.
The kicker is that Israel will become an exporter, a supplier of world gas - not simply a consumer. That will change the balance of power in the Middle East. It will change the balance of power in the world.
Micah@MicahHalpern.com
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