This is an interesting story to me for two reasons.
First, because I'm interested in all the signs of God's word coming true. Second because I worked offshore for a few years and I know a little bit about what goes on outhere.
Here's a linked quote from Frand Dimora's always interesting and inspiring daily newsletter:
After reading my warning from a year ago read this news was just released. The headline to this report reads as follows: “Central Israel Oil Discovery: 1.5 Billion Barrels” I quote, “Estimates of the amount of oil in the Rosh HaAyin discovery have rises to 1.5 billion barrels, and there is more oil off-shore, but it is not yet known how much of the “black gold” can be extracted for commercial use. The new estimate, along with the gas and oil finds off the Mediterranean Coast, raise the likelihood that Israel will be self-sufficient for energy for the next three decades and even become an exporter of gas. The amount of oil at Rosh HaAyin represents a tiny percentage of Israel's oil consumption, but development is continuing in the area as well as in the Dead Sea. Economists have noted that the discoveries will have a huge impact on society, creating more jobs and strengthening the shekel against world currencies.”
Now, here's two videos about Zion Oil and Gas itself. For you Texans out there who read WanderingSalsero you'll be interested to know that Zion Oil and Gas is headquarted in 'Big D"...Dallas, Tx.