Author Topic: Israeli Company Strikes Oil Near Dead Sea  (Read 4143 times)

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Israeli Company Strikes Oil Near Dead Sea
« on: October 12, 2006, 10:00:40 PM »
Israeli Company Strikes Oil Near Dead Sea
18:40 Oct 05, '06 / 13 Tishrei 5767
by Hillel Fendel
 

An Israeli company reports it has struck oil in the Dead Sea region, possibly worth up to $350 million. 


The company, Ginko Oil Exploration, says that oil spurted on Monday from a depth of 1,800 meters (1.12 miles), and that further tests will be carried out in the coming days. The oil, estimated at about 6.5 million barrels' worth, was found just north of the Dead Sea.

Ginko extracted about 120,000 barrels of crude oil from the site about ten years ago, but gave up the initiative. The drilling has now been renewed, as it has in many places around the world, because of the steep increase in oil prices. Ginko has already acquired pipelines and containers for transporting the extracted fuel.

In April 2004, Ginko discovered a seven-meter layer of natural gas in the same region.

Israel has produced only 20 million barrels of oil in the last half-century, the Associated Press reports - less than what the Saudis produce every three days.
 

Offline JoshMan

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Re: Israeli Company Strikes Oil Near Dead Sea
« Reply #1 on: November 15, 2006, 06:02:56 AM »
This is great news! ;D
 
 Yes, let us PRAY they do not turn such a blessing over to the PLO or ha mas!

Offline TheCoon

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Re: Israeli Company Strikes Oil Near Dead Sea
« Reply #2 on: November 15, 2006, 05:41:27 PM »
Now let us hope they won't turn it over to The The PLO-Hamas Arab Muslim Nazis.



The only way it should get to them is for the PLO/Hamas to swim in it and then have a cigarette.
The city isn't what it used to be. It all happened so fast. Everything went to crap. It's like... everyone's sense of morals just disappeared. Bad economy made things worse. Jobs started drying up, then the stores had to shut down. Then a black man was elected president. He was supposed to change things. He didn't. More and more people turned to crime and violence... The town becomes gripped with fear. Dark times, dark times... I am the hero this town needs. I am... The Coon!!!