Thursday, February 23, 2017

Tell Me Again Why Israel Needs Our Money ???

The Israelis are becoming fat cats:

Gas is expected to flow from the Leviathan reservoir to Israel's shores by the end of 2019. The reservoir, located about 130 km. west of Haifa, will not only boost domestic gas supplies, but will also likely serve as an export outlet for Israel's immediate neighbors and the wider Mediterranean region. 

Houston-based Noble Energy holds a 39.66% share of the Leviathan reservoir, while the Delek Group’s subsidiaries Delek Drilling and Avner Oil Exploration each have 22.67% and Ratio Oil Exploration has 15%.

Groner stressed how the development of Leviathan will not only provide Israel with a second natural gas reservoir, but will also spark a shift in momentum regarding the country’s position as an attractive place for investments. 

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Q: So why are we giving them $38 billion over the next 10 years?

A: They've got a few more walls to build, a few more mosques and Palestinian homes to demolish, and a temple to build.

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