oil

Iran Threatens To Cut Off Mideast Oil

12/27/2011

Iran will close the Strait of Hormuz if its oil exports are subjected to foreign sanctions, the Islamic Republic's official news agency reported.

"If they impose sanctions on Iran's oil exports, then even one drop of oil cannot flow from the Straits of Hormuz," IRNA quoted Mohammad Reza Rahimi, Iran's first vice-president, as saying, referring to Western countries.

The Great Israeli Oil Rush

Howard Jonas’ financial dream team–Lord Jacob Rothschild came on board this week–sees Saudi-level potential.

11/16/2010
Associate Editor

Golda Meir often told the old Jewish joke (though hardly thinking it funny), why did Moses shlep us for 40 years to the one place in the Middle East without oil?

Now, from Golda to black gold, an oil rush is on, with some of the top businessmen in the world betting big money on Israeli oil, and the only laugh may be the last laugh.

Rock of ages: Can Israel turn its shale into energy independence?

Large oil field identified in Israel

07/22/2010

 JERUSALEM (JTA) -- A commercially sized oil field has been identified in central Israel, an oil prospecting firm said.

 Tests on the Meged Five drill site near the central town of Rosh Ha'ayin have determined that the site can produce about 470 barrels of oil a day, the Givot Olam Oil prospecting and production firm announced late Wednesday.

The well will be ready for production by Aug. 15, the Israeli business daily Globes reported.

 

 

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