Go Back   The PokéCommunity Forums > Off-Topic Discussions > The Round Table
Reload this Page [News] Israel awards oil drilling license in the Golan Heights

Notices
For all updates, view the main page.

The Round Table Have a seat at the Round Table for in-depth discussions, extended or serious conversations, and current events. From world news to talks on life, growing up, relationships, and issues in society, this is the place to be. Come be a knight.



Reply
 
Thread Tools
  #1    
Old February 20th, 2013 (02:49 PM).
Evil Stud Muffin's Avatar
Evil Stud Muffin Evil Stud Muffin is offline
I like kitties
Silver Tier
 
Join Date: Jan 2013
Age: 22
Gender: Male
Nature: Lax
Posts: 2,599
http://www.globes.co.il/serveen/globes/docview.asp?did=1000824062&fid=1725
Quote:
A month before US President Barack Obama is due to visit Israel, the Israeli government has awarded the first license to drill for oil on the Golan Heights. The license covers half the area of the Golan from the latitude of Katzrin in the north to Tzemach in the south. In the past, the US government reacted angrily when Israel approved construction in eastern Jerusalem ahead of a visit by Vice President Joe Biden.
Sources inform ''Globes'' that, a few days ago, the Ministry of Energy and Water Resources' Petroleum Council recommended awarding the license to Genie Energy Ltd. (NYSE: GNE), headed by former minister Effie Eitam. Shareholders include chairman Howard Jonas, Lord Jacob Rothschild, and Rupert Murdoch. Former US Vice President Dick Cheney is an advisor.
Awarding a drilling license on the Golan could cause an international fracas, given the Golan's status as occupied Syrian territory under international law. There was no known political intervention in the licensing process, the proximity of the event to Obama's upcoming visit is coincidental.
The process of granting the license began following geological tests, which indicated a large potential oil discovery in the southern Golan Heights. On the basis of the findings, last summer, Minister of Energy and Water Resources Uzi Landau declared the Golan as open for oil and gas exploration and production activity. Following the announcement, two license applications were filed with the Petroleum Commissioner for the southern Golan, an area of thousands of hectares.
Genie Energy bid against Ultra Equity Investments Ltd. (TASE: ULTR), who is being advised by former Petroleum Commissioner Dr. Yaakov Mimran, who held the post until 2011. Sources inform ''Globes'' that the Petroleum Council preferred Genie Energy for professional reasons.
Genie Energy's win in the license is highly symbolic for Eitam, who resides at Moshav Nob on the Golan, and fought against the Syrian Army there during the 1973 Yom Kippur War, winning a medal for courage.

Oh Israel you so crazy. Its not even their land, and they're awarding this like its nothing at all. Better yet last time this happened there was an international uproar, and the best part is that Obama's visiting them next month.
__________________

#328 Trapinch
Supporter Collab January 2015
Doctor Who Fan Club


Reply With Quote
  #2    
Old February 20th, 2013 (03:26 PM).
Stormbringer's Avatar
Stormbringer Stormbringer is offline
Super ModeratorBSCS
 
Join Date: Jul 2009
Location: Storm's End
Gender: Male
Nature: Adamant
Posts: 13,608
Ugh. They keep trying to lay groundwork for more expansion into Palestine it seems. Because what we really need is this to get in the way of the Obama visit.
Quote:
Shareholders include chairman Howard Jonas, Lord Jacob Rothschild, and Rupert Murdoch. Former US Vice President Dick Cheney is an adviser.
So that's why.
__________________
Reply With Quote
  #3    
Old February 20th, 2013 (03:37 PM).
TRIFORCE89's Avatar
TRIFORCE89 TRIFORCE89 is offline
Guide of Darkness
Gold Tier
 
Join Date: May 2004
Location: Temple of Light
Age: 26
Gender: Male
Nature: Quiet
Posts: 8,116
First saw the title and went "good for them". Then read the rest. Hit "Awarding a drilling license on the Golan could cause an international fracas, given the Golan's status as occupied Syrian territory under international law" and went :\
__________________
Reply With Quote
Reply
Quick Reply

Sponsored Links

You may also like.. (Beta)
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Minimum Characters Per Post: 25

Forum Jump


All times are UTC -8. The time now is 10:11 PM.