Some of us got wise to the scam.
Rothschild has oil interests in Syria and so does Israel.
As if many of us didn't have suspicions all along.
With the regime focusing unrelentingly on quelling rebels and the will of the people, Israel and Cyprus have been taking advantage of huge natural gas finds off their coasts, leaving the two countries without any significant competition.
Syria's proven reserve of 2.5 billion barrels of oil is the largest in the region except for Iraq's, according to the Oil and Gas Journal. It also has a large proven reserve of natural gas of 8.5 trillion cubic feet.
This makes Syria the largest conventional hydrocarbon resource base in the Levant Basin, a stretch of sea extending from the coasts of Israel, Lebanon, Syria and Cyprus.
Levant Basin has a mean undiscovered oil resource of 1.7 billion barrels of oil and undiscovered natural gas resource of 122 trillion cubic feet. Both Cyprus and Israel -- with help from Texas-based Noble Energy Inc. (NYSE:NBL) -- are looking to become regional powerhouses for the exportation of natural gas. Nobel is the main energy company exploring and drilling in the eastern Mediterranean Sea. In 2010, Noble Energy discovered one of the biggest gas fields off Israel’s coast, the largest natural gas find in the past 10 years.
Because Syria is not developing its natural resource in the Mediterranean, Cyprus and Israel are not worried about competition or territorial disputes arising with Syria in the near future.
Currently, Noble Energy and Cyprus are in talks to build a liquefied natural gas export facility, which will make Cyprus a regional hub in transferring LNG to markets in Europe and the Far East.
The following is taken from the blog article: Israel Approves Oil Drilling In Syria To Company Part Owned By Rothschild & Murdoch:
Israel ups the pressure on Syria whose oil and gas in the Levant Basin and Golan Heights are coveted by many companies. According to a U.S. Geological Survey, the Levant Basin contains and estimated 1.7 billion barrels of recoverable oil and 122 trillion cubic feet of gas. Israel has issued Genie Energy a permit to drill for oil within the Golan Heights.
Genie Energy had been issued an exclusive permit on Wednesday by Israel’s Energy and Water Resources Ministry to drill for oil.
This allows for oil exploration in a 153 square mile in the south of Golan Heights.
“Based on its preliminary analysis and interpretation of existing geological data, that the newly issued license area may contain significant quantities of conventional oil and gas in relatively tight formations, the development of which would entail significantly different technical approaches and project timelines than the other projects,” Genie Energy said in a statement.
Israel annexed Golan from Syria in June 1967 after a six-day war, with an estimated 2,500 Syrian fatalities and 591 taken prisoner. Despite being annexed in 1981, this move is not internationally recognised.
Israel-Syria peace talks halted oil permits for the area 20 years ago, with the relinquishment of Golan being one of the key facets. The talks however were never resolved.
But the plot thickens. According to IDT (parent of Genie Energy), both Lord (Jacob) Rothschild and Rupert Murdoch have a stake in the energy company. Interesting how it all plays out.
Genie Energy Corporation (Genie Energy), a division of IDT Corporation (NYSE: IDT, IDT.C), today announced that Lord (Jacob) Rothschild and Rupert Murdoch have each purchased equity stakes in Genie Oil and Gas Inc. Jacob Rothschild will join Rupert Murdoch on Genie Energy’s Strategic Advisory Board and Jacob Rothschild’s interests will partner with Genie Energy to raise capital for the eventual commercialization of its oil shale projects.
Jacob Rothschild and Mr. Murdoch separately purchased equity positions equivalent to a cumulative 5.5% stake in Genie Oil and Gas Inc., which consists of IDT’s interests in American Shale Oil, LLC (AMSO), and Israel Energy Initiatives, Ltd., (IEI), for a total of $11.0 million dollars.
Source: The Telegraph, IDT