Crude Oil Shortage in Three Years?


The New American: Worldwide demand for crude oil will exceed 100 million barrels per day (mbd) in two years, and exceed global supplies in three, according to the Paris-based intergovernmental group International Energy Agency (IEA).

In its latest five-year forecast, Oil 2017, the agency says that demand growth will come primarily from developing countries such as India, while demand growth elsewhere, such as the United States, will be tepid at best.

The only way the coming shortage can be overcome, said Dr. Fatih Birol, IEA’s executive director, is for massive new investments in exploration, discovery, and production to be made immediately. more

Opinion: Talk about changing a changing geopolitical landscape.

YNet News: May 16, 2016: Israeli Oil Reserve Worth NIS 1.2 billion (here)

“The land license for oil, located near the Dead Sea, reported to the Stock Exchange that according to a resource report, the area contains an oil reserve worth approximately 1.2 billion shekels. Israel Opportunity – Oil and Gas Exploration Ltd, one of the partners holding the license, went up by 35 percent.”

Breaking Israel News: May 27, 2016, Israel to Lead the World in Gas, Oil Exports (here):

“The nation that once relied on imported coal, natural gas and oil for its energy needs may soon become energy-independent due to a recent discovery of giant gas fields Israel never knew it had.”

The oil and gas in the Levant is estimated to be worth $128 billion and it will be commercially ready for export in 2019 (here) – one year before the expected oil shortage.

February 24, 2015, Noble Energy Partners has reached a final investment decision with its partners on the first phase of the Leviathan project, a $3.75 billion natural gas project offshore Israel.

And no one is talking about Fox News announcement of October 8, 2015: “Potentially Game Changing Oil found in the Golan Heights” but suffice it to say that the geologists say it is significant.

Israel is about to become very wealthy at a time when oil will be expensive again in fulfillment of prophecy:
  • Genesis 49:25
  • Deuteronomy 33:19
  • Isaiah 45:3

Which fits precisely with what the prophet Ezekiel 38:13 said would cause Russia, Iran and Turkey along with four Islamic nations from North Africa to launch a massive attack: Plunder.

(for more on the war of Gog and Magog see Bible prophecy 101 chapter 6 and Blood Feud chapter 10.)


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