Join The Conversation With Mishpacha's Weekly Newsletter



Fueling the Feud

Binyamin Rose

Like relatives who fight over a windfall inheritance, Israelis have been locked in a tussle over the newfound wealth from natural gas discoveries. How should the pot be divided between the exploration companies, the government, and the citizens?

Wednesday, August 05, 2015

According to the conventional wisdom, G-d gave oil to the Muslim nations and milk and honey to the Jews — but that truism was turned on its head with the 2010 discovery of two massive natural gas fields off Israel’s shimmering Mediterranean coast. The reserves at the Tamar and Leviathan fields, a mile under the ocean bed and 50 miles west of Haifa, are worth an estimated $500 billion at today’s market prices, and are sufficient to power the country for the next 100 years. With the discovery, Israelis indulged in sweet dreams of cheap electricity for the average citizen and a transformation from pariah to a major energy exporter on the international stage. Say goodbye to OPEC oil boycotts and say hello to the New Middle East, where Arab nations buy “blue and white,” importing Israeli gas to replace supplies from Egypt sabotaged during the Arab Spring. Of course, there were logistics to be dealt with. Two different Israeli commissions, which included international experts, advised an arrangement under which the government would receive 60% of the revenues from gas sales, with 40% going to the exploration companies. Another clause: 60% of the gas would be designated for domestic consumption and 40% for export. On that basis, the government signed export contracts withJordan, Egypt, and the Palestinian Authority, while Cyprus, Greece, and Turkey waited in the wings.

To read the rest of this story, please buy this issue of Mishpacha or sign up for a weekly subscription

Share this page with a friend. Fill in the information below, and we'll email your friend a link to this page on your behalf.

Your name
Your email address
You friend's name
Your friend's email address
Please type the characters you see in the image into the box provided.
CAPTCHA
Message


MM217
 
Using Our Free Will Effectively
Yonoson Rosenblum The image we carry of ourselves is key
Pitcher-Perfect
Eytan Kobre The ripple effects of one Jew’s kiddush Sheim Shamayim
Living the High Life
Rabbi Avrohom Neuberger It is exhilarating to matter, to be truly alive
It’s Time for Us to Speak Up
Rabbi Dovid Eliezrie We must speak out proudly for the values of Yiddishkeit
Kiruv Is Not Dead
Rabbi Meir Goldberg Do these sound like uninspired or closed students?
Frosting on the Cake
Rabbi Ron Yitzchok Eisenman “Let’s not let a missing chocolate cake ruin our siyum!”
A Warm Corner in Flatbush
Yosef Zoimen It was a simple shul with a choshuve leader
Out of Control
Jacob L. Freedman “That’s illegal, Dr. Fine. I can’t have a part in this”
Song of Reckoning in the Skulener Court
Riki Goldstein “It’s awe-inspiring to watch the Rebbe sing this song”
“U’teshuvah, U’tefillah, U’tzedakah”
Riki Goldstein Throughout the Yamim Noraim, three words accompany us
The Rebbe Held His Gaze
Riki Goldstein A moment etched in Reb Dovid Werdyger’s memory forever
The Road Taken
Faigy Peritzman In the end it’s clear who really merits true happiness
Sincere Apology
Sarah Chana Radcliffe A heartfelt and complete apology can turn things around
Power Pack of Mercy
Mrs. Shani Mendlowitz The 13 Attributes of Mercy are “an infinite treasure”
The Appraiser: Part II
D. Himy M.S. CCC-SLP, and Zivia Reischer “Eli needs to see people who struggled to achieve”