Challenges to Israel's Energy Game Changer
An old college buddy of mine has a piece on the WSJ Europe's Op-Ed pages regarding the development challenges facing Israel regarding its potentially game-changing recent natural gas field discovery. Here an enticing tidbit:
"Even under ideal conditions, few oil and gas companies are prepared to risk their relationships in the Muslim world to operate in Israel—the soft bigotry created by the geological distribution of hyrdocarbons should not be underestimated. It is one thing for a California-based technology company to develop software in Israel; it something entirely different for a serious oil and gas producer with billions of dollars of assets in Saudi Arabia or Qatar or Kuwait to establish a presence in the Jewish state. "
True indeed. Arab states and all sorts of bad actors in the Middle East DO NOT want to see the Leviathan field developed. It is likely they will do what they feel that have to do to prevent it. Read the whole thing.
"Even under ideal conditions, few oil and gas companies are prepared to risk their relationships in the Muslim world to operate in Israel—the soft bigotry created by the geological distribution of hyrdocarbons should not be underestimated. It is one thing for a California-based technology company to develop software in Israel; it something entirely different for a serious oil and gas producer with billions of dollars of assets in Saudi Arabia or Qatar or Kuwait to establish a presence in the Jewish state. "
True indeed. Arab states and all sorts of bad actors in the Middle East DO NOT want to see the Leviathan field developed. It is likely they will do what they feel that have to do to prevent it. Read the whole thing.
posted by Donny Baseball at 11:04 AM
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