Debkafile: Gazprom informed Kiev Tuesday that it is cancelling the discount on Russian gas supplies to the Ukraine. From April 1, the full price will be charged. Ukraine’s unpaid debt for gas is up to $1.5 bn.
Opinion: The above article was one sentence. It must not be a big deal so why bother writing about it? Also, the mainstream press ignored it. But there may be more.
Four days ago Slate Magazine published a story that we have been following for years with this headline “Israel’s Big Gusher“:“It wasn’t long ago that Israel’s oil and gas industry was the territory of wishful thinkers like John Brown, a born-again Christian from Texas who saw a map to oil gushers in readings of the Bible. In the 1980s, I interviewed his site manager, also a born-again Christian, who told me that the Lord had bequeathed oil to his chosen people. In a cluttered cabin in the hills of central Israel, the rangy Texan leafed through his copy of the Bible and read me Deuteronomy 33:24: “Of Asher he said, More blessed than sons is Asher. May he be favored by his brothers, and may he dip his foot in oil.”
Golda Meir often joked that God had guided the Jewish people through the desert to the only land in the Middle East with no oil. To date, little on-shore oil has been found, although there is still hope. But after many failed attempts by offshore drilling companies, a young Israeli lawyer named Gideon Tadmor got it right. Egypt, he theorized, had discovered commercial quantities of natural gas in the Mediterranean, and there was no reason the gas fields would stop at Israel’s maritime border.
There is still more than oil to the story:
Today, Israel’s known gas reserves are 30 trillion cubic feet (tcf), and the US Geological Survey says there’s at least twice that amount still to be discovered in Israeli waters. That exceeds Israel’s energy needs for the next 30 to 50 years. Moreover, the USGS predicts there are 1.7 billion barrels of oil gas basins as well.
Question: Is there any one thing that would enrage Czar Putin enough to form an alliance against Israel (Ezekiel 38:1-6)? How about losing a natural gas customer like Ukraine, with 45 million people, to that pesky nation of Israel?