Some encouraging news about Israel

June 13, 2010

Clarice Feldman

This past week was full of the usual: Double standards being applied to cast Israel as a vicious, law-breaking state and more threats from Iran to an already besieged country.

Yesterday, there were two bits of encouraging news.
First, at almost the very place where the flotilla of thugs and useful idiots were engaged by the Israelis (well within its territorial waters) there has been a major gas find which should meet its critical energy needs.
… a gigantic deposit of natural gas called Leviathan, 6.5 times the size of Tel Aviv, was found, roughly 100 nautical miles from where the flotilla fiasco took place and well within Israel’s extended territorial waters. This discovery may provide Israel with security in terms of its supply of electricity, turn it into an important natural gas exporter and provide a shot in the arm of some $300 billion over the life of the field – one-and-a-half times the national GDP – to the Israeli economy, already one of the most resilient in the world.

More importantly, this discovery is nothing short of a geopolitical game changer. To understand its magnitude, consider this: The world’s biggest gas discovery in 2009, 238 billion cubic meters, was made by a U.S.-Israel consortium at a site called Tamar, 60 miles off the coast of Haifa. The nearby Leviathan field is estimated to be twice that size. Altogether the basin in the eastern Mediterranean to which those fields belong could contain an amount of gas equivalent to one-fifth of U.S. natural gas reserves. For a small country like Israel, such a bonanza could not have come at a better time.
Secondly, there is evidence that the certain but secret cooperation between Israel and the Arab states which see Iran as a threat has not been damaged by the Turkish connivers.
Saudi Arabia has conducted tests to stand down its air defences to enable Israeli jets to make a bombing raid on Iran’s nuclear facilities, The Times can reveal. In the week that the UN Security Council imposed a new round of sanctions on Tehran, defence sources in the Gulf say that Riyadh has agreed to allow Israel to use a narrow corridor of its airspace in the north of the country to shorten the distance for a bombing run on Iran.
Looks like Hanukah in June to me.

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