web analytics
July 28, 2014 / 1 Av, 5774
Israel at War: Operation Protective Edge
 
 
At a Glance
News & Views
Sponsored Post
IDC Advocacy Room IDC Fights War on Another Front

Student Union opens ‘hasbara’ room in effort to fill public diplomacy vacuum.



‘Quick Peace’ Losing Ground as US Gas and Oil Surpass Arab Production

"Low-cost natural gas is the elixir, the sweetness, the juice, the Viagra."

A natural gas flare illuminates an oil well at dusk in Williston, North Dakota.

A natural gas flare illuminates an oil well at dusk in Williston, North Dakota.
Photo Credit: spokesman.com

Geologists have discovered a layer of shale saturated with natural gas and oil deep beneath the city of Williston, North Dakota, and the Bakken formation, spanning thousands of square kilometers, has become synonymous with an American economic miracle the country hasn’t experienced since the oil rush of 100 years ago, Spiegel reported Friday.

North Dakota now enjoys full employment, and the state budget shows an estimated surplus of $1.6 billion in 2012. Local truck drivers, for example, are earning $100,000 a year. President Obama has called the discovery of Bakken and other shale gas formations in Texas, Colorado, Pennsylvania, Louisiana and Utah a “stroke of luck,” saying: “We have a hundred years’ worth of energy right beneath our feet.”

According to Fortune magazine, low natural gas prices – natural gas in the United States now costs a quarter of what it did in 2008 – could fuel a comeback of American industry. “Low-cost natural gas is the elixir, the sweetness, the juice, the Viagra,” an American industry representative told Fortune.. “What it’s doing is changing the U.S. back into the industrial power of the day.”

According to Germany’s foreign intelligence agency (BND) study, the political threat potential of oil producers like Iran will decline. In about 15 years, optimists predict, the U.S. will no longer have to send its aircraft carriers to the Persian Gulf to guarantee that oil tankers can pass safely through the Strait of Hormuz.

No one knows what would happen with the Russians, since President Putin’s power is founded on oil and gas revenues. If energy prices decline and Russian revenues go down as a result, Putin could be expected to revert to old Soviet methods of maintaining power, both at home and abroad.

The Arab regimes in the Middle East would have to either use their enormous cash reserves to invest in new products and services (see Qatar’s and Bahrain’s efforts to develop a thriving tourism industry), or slip gently into their former role in world politics, amid the sands of Arabia.

According to Spiegel, German chemical giant BASF has already invested a lot of money in the United States in the last two years. In Louisiana, it has built new plants for the production of methyl amines and formic acid. “The local natural gas price is a criterion that affects the question of where we invest in new production facilities,” says BASF Executive Board member Harald Schwager. At the moment, the United States has a clear advantage over Europe in this regard.”

Dr. Aaron Lerner of IMRA summed this up:

#1. In a few years the US won’t be as concerned about what the Arab think. #2. In a few years the Chinese won’t consider energy supplies from the Arab world as being of paramount importance for its own continued stable growth. #3. In a few years even France and Germany may become energy sources rather than importers.

Certainly sounds like Israel will be in a considerably more favorable position at that time.

So much for the argument that Israel should rush now and cut a lousy deal
with the Palestinians because “time is not on Israel’s side.”

About the Author: Yori Yanover has been a working journalist since age 17, before he enlisted and worked for Ba'Machane Nachal. Since then he has worked for Israel Shelanu, the US supplement of Yedioth, JCN18.com, USAJewish.com, Lubavitch News Service, Arutz 7 (as DJ on the high seas), and the Grand Street News. He has published Dancing and Crying, a colorful and intimate portrait of the last two years in the life of the late Lubavitch Rebbe, (in Hebrew), and two fun books in English: The Cabalist's Daughter: A Novel of Practical Messianic Redemption, and How Would God REALLY Vote.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

Please use the Facebook Tab below to leave your comment:

5 Responses to “‘Quick Peace’ Losing Ground as US Gas and Oil Surpass Arab Production”

  1. Ron Wagner says:

    Natural gas is the future of energy. It is replacing dirty old coal plants, and dangerous expensive nuclear plants. It will fuel cars, trucks, vans, buses, locomotives, aircraft, ships, tractors, engines of all kinds. It costs far less. It will help keep us out of more useless wars, where we shed our blood and money. It is used to make many products. It lowers CO2 emissions, and pollution. Over 4,600 select natural gas story links on my free blog. An annotated and illustrated bibliography of live links, updated daily. The worldwide picture of natural gas. Read in 67 nations. ronwagnersrants. blogspot. com

  2. Ron Wagner says:

    Natural gas is the future of energy. It is replacing dirty old coal plants, and dangerous expensive nuclear plants. It will fuel cars, trucks, vans, buses, locomotives, aircraft, ships, tractors, engines of all kinds. It costs far less. It will help keep us out of more useless wars, where we shed our blood and money. It is used to make many products. It lowers CO2 emissions, and pollution. Over 4,600 select natural gas story links on my free blog. An annotated and illustrated bibliography of live links, updated daily. The worldwide picture of natural gas. Read in 67 nations. ronwagnersrants. blogspot. com

  3. Anonymous says:

    Fracking and the not unpredictable fear mongering perpetually emanating from the hysterical environmental zealots more interested in distorting facts than environmental and economic progress, is the driving force behind this potential, energy based economic boom on the horizon. Hollywood and the Left are in panic mode working up a sweat to keep the fear alive but a recent documentary, "Fracknation" exposes their perfidity for anyone to see. Check it out.

  4. Charlie Hall says:

    This is tremendously good news for the environment. As a result of this boom in natural gas, the US Coal industry is dying, as electric utilities switch to the cheaper and cleaner fuel. Better the coal industry die than all the people coal kills.

  5. Charlie Hall says:

    This is tremendously good news for the environment. As a result of this boom in natural gas, the US Coal industry is dying, as electric utilities switch to the cheaper and cleaner fuel. Better the coal industry die than all the people coal kills.

Comments are closed.

SocialTwist Tell-a-Friend

Loading Facebook Comments ...
Loading Disqus Comments ...
Current Top Story
Children run into a shelter during a Code Red siren warning of incoming rockets fired from Gaza in the southern Israeli city of Ashkelon.
IDF Retaliates for Ashkelon’s Morning Rocket Fire
Latest News Stories
Children run into a shelter during a Code Red siren warning of incoming rockets fired from Gaza in the southern Israeli city of Ashkelon.

The IDF retaliated Monday morning for rocket fire aimed at Ashkelon after hours of quiet on the front.

Israeli soldier reciting the Shema prayer near the border in Southern Israel on July 20, 2014.

Calling for a global recitation of the Shema at 12:00 noon EST, 7:00 a.m. PST, 7:00 p.m. in Israel.

The United Nations Security Council

The UN Security Council wants a cease fire now. The focus is on the safety of Gaza civilians, but not Israel’s security.

UNRWA School in Gaza

The IDF claims from their investigation and released video of the shell that hit the UNRWA school that they did not kill the 16 people.

If anti-Israel doesn’t necessarily mean anti-Israel-Semitic, why do anti-Israel protests always seem to be so violent?

Make up your mind: PA Chairman can’t decide whether Palestinians are sovereign state or feeble protectorate

2010 cruise to Gaza ended so well, ‘humanitarian activists’ want to try it all again.

PM Netanyahu gave an interview (in English) and talked about the cease fire violations.

Islamic Republic pledges ongoing support for Hamas, tells Meet the Press that US weapons intended to kill Arab civilians.

Hamas had been preparing a murderous massive assault on Israeli civilian targets during the upcoming Jewish New Year holiday, Rosh Hashanah.

Hamas not only has no respect for the living but it also has no respect for the dead.

Kerry is consistent. He has talked so much and promised so much that, like the peace process, his ceasefire delivered nothing.

Hamas proposed a truce after rejecting it, and true to its principles, continued to fire at rockets at Israel.

Hospital staff at Schneider Children’s Hospital in Petach Tikva gathered up the babies and took them to the stairway for protection after a rocket siren went off this morning.

Wouldn’t a direct wire transfer from the White House to Pyongyang have saved on the wire transfer fees?

Police report that a massive car bomb was found inside a car that was stopped at the Beitar Checkpoint.

More Articles from Yori Yanover
rain ATM

A Jerusalem woman is trying to hold on to her umbrella while withdrawing some cash at a Meah Shearim ATM, Sunday, March 9, 2014. The rain appeared out of the blue (which is how rain should), after a warm week that started to feel like summer. Well, it don’t feel like summer no more. Last […]

Rabbi Meir Mazuz (seen visiting a synagogue in Crown Heights, Brooklyn) declared in a public Internet psak that it is legal for a Jew to go up to temple Mount.

Needless to say, Shas, the Haredi Sefardi party, is not happy.

“The only difference between this world and the time of Meshiach is our bondage to the gentile kingdoms.”

Here’s the Israeli Navy boat INS Hanit arriving in Eilat on Saturday, March 8, 2014, after capturing the Klos C, which was carrying dozens of advanced Iranian-supplied weapons made in Syria and intended for Palestinian guerrillas in the Gaza Strip. Here’s Israeli Navy Commander Vice Admiral Ram Rotberg speaking with the INS Hanit soldiers in […]

Pat Condell has a new video out, so, sit back, have fun. By the way, Message to Offended Muslims should not be confused with Message to Off Handed Muslims. Also, I’d love to hear what he has to say about Haredim.

The description that came with this picture says: Israeli Prime Minister Benjamin Netanyahu speaks with American actor Bette Midler during an event at the house of Hollywood producer Arnon Milchan in Hollywood on March 6, 2014. But Bette Midler is not really an actor, she’s a singer who made movies for the LGBT community and […]

We will shut them up in the campuses, we will shut them up in the high schools, we will shut them up at the 92nd St. Y.

An Israeli female soldier (because they’re better at removing babies from their homes) evacuates a baby from a settlement in Judea and Samaria some time in the recent past. I’m thinking, if the baby was angry enough, couldn’t he evacuate in return, right there in her arms? Imagine the same picture, except with a settler […]

    Latest Poll

    Do you think the FAA ban on US flights to Israel is political?






    View Results

    Loading ... Loading ...

Printed from: http://www.jewishpress.com/news/breaking-news/quick-peace-losing-ground-as-us-gas-and-oil-surpass-arab-production/2013/02/03/

Scan this QR code to visit this page online: