Translate

GPA Store: Featured Products

Showing posts with label oil. Show all posts
Showing posts with label oil. Show all posts

Friday, September 19, 2014

The REAL Reason Britain is Freaking Out About Scottish Independence


Washington's Blog

Oil


David Cameron and the British media have been freaking out about the potential Scottish independence.
They’ve blathered on about “history”, “common defense” and other red herrings.
But it’s really all about oil …
Specifically, if Scotland becomes independent, it gets to keep 90% of the revenues from its huge oil reserves.
The New York Times reports:

Sunday, August 3, 2014

IDF's Gaza assault is to control Palestinian gas, avert Israeli energy crisis


Israel's defence minister has confirmed that military plans to 'uproot Hamas' are about dominating Gaza's gas reserves

A Palestinian boy plays in the rubble of a house destroyed in an Israeli air strike on Beit Hanoun, Gaza. Photograph: Khalil Hamra/AP
From theguardian:  

Yesterday, (July 8, 2014) Israeli defence minister and former Israeli Defence Force (IDF) chief of staff Moshe Ya'alon announced that Operation Protective Edge marks the beginning of a protracted assault on Hamas. The operation "won't end in just a few days," he said, adding that "we are preparing to expand the operation by all means standing at our disposal so as to continue striking Hamas."

This morning, he said:
"We continue with strikes that draw a very heavy price from Hamas. We are destroying weapons, terror infrastructures, command and control systems, Hamas institutions, regime buildings, the houses of terrorists, and killing terrorists of various ranks of command… The campaign against Hamas will expand in the coming days, and the price the organization will pay will be very heavy."
But in 2007, a year before Operation Cast Lead, Ya'alon's concerns focused on the 1.4 trillion cubic feet of natural gas discovered in 2000 off the Gaza coast, valued at $4 billion. Ya'alon dismissed the notion that "Gaza gas can be a key driver of an economically more viable Palestinian state" as "misguided." The problem, he said, is that:
"Proceeds of a Palestinian gas sale to Israel would likely not trickle down to help an impoverished Palestinian public. Rather, based on Israel's past experience, the proceeds will likely serve to fund further terror attacks against Israel…
A gas transaction with the Palestinian Authority [PA] will, by definition, involve Hamas. Hamas will either benefit from the royalties or it will sabotage the project and launch attacks against Fatah, the gas installations, Israel – or all three… It is clear that without an overall military operation to uproot Hamas control of Gaza, no drilling work can take place without the consent of the radical Islamic movement."
Operation Cast Lead did not succeed in uprooting Hamas, but the conflict did take the lives of 1,387 Palestinians (773 of whom were civilians) and 9 Israelis (3 of whom were civilians).
Since the discovery of oil and gas in the Occupied Territories, resource competition has increasingly been at the heart of the conflict, motivated largely by Israel's increasing domestic energy woes.
Mark Turner, founder of the Research Journalism Initiative, reported that the siege of Gaza and ensuing military pressure was designed to "eliminate" Hamas as "a viable political entity in Gaza" to generate a "political climate" conducive to a gas deal. This involved rehabilitating the defeated Fatah as the dominant political player in the West Bank, and "leveraging political tensions between the two parties, arming forces loyal to Abbas and the selective resumption of financial aid."
Ya'alon's comments in 2007 illustrate that the Israeli cabinet is not just concerned about Hamas – but concerned that if Palestinians develop their own gas resources, the resulting economic transformation could in turn fundamentally increase Palestinian clout.  
Be the Change! Donate Today!
Enter your email address to subscribe to our newsletter:

Delivered by FeedBurner

Tuesday, July 15, 2014

The Gaza Bombardment - What You're Not Being Told

Related Posts Plugin for WordPress, Blogger...
Storm Clouds Gathering



Enter your email address to subscribe to our newsletter:


Delivered by FeedBurner
Be the Change! Share this using the tools below.

Wednesday, July 24, 2013

The Biggest Oil Discovery In 50 Years?


Michael Snyder

In a virtually uninhabitable section of South Australia, a discovery has been made which could rock the world.  Some are calling it the biggest discovery of oil in 50 years.  Earlier this year, a company called Linc Energy announced that tests had revealed that there was a minimum of 3.5 billion barrels of oil equivalent sitting under more than 65,000 square kilometres of land that it owns in the Arckaringa Basin.

But that is the minimum number. It has been projected that there could ultimately be up to 233 billion barrels of recoverable oil in the area.  If that turns out to be accurate, the oil sitting under that land is worth approximately 20 trillion dollars, and it would be roughly equivalent to the total amount of oil sitting under the sands of Saudi Arabia.  In essence, it would be a massive game changer.

Jasper Roberts Consulting - Widget