Interesting bit of news:
The World Energy Council has determined that about 30 miles southwest of Jerusalem, in the Shfela Basin, there are oil shale deposits with the potential to yield 250 billion barrels of oil. This represents the world’s third-largest quantity of oil shale behind the US and China…
Nothing would make me laugh more than to think that we could stop importing oil from Saudi Arabia and start importing it from Israel. Life is always full of interesting twists and turns and I doubt that any of us foresaw this particular development…and what it will mean not just for Israeli and US economics and security, but how these things blow a hole right through gloom-and-doom “peak oil”, we’re-running-out-of-everything stories…
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