web analytics
August 2, 2015 / 17 Av, 5775
At a Glance
News & Views
Sponsored Post


New Israeli Oil Find near Gaza Could Drive Hamas, Abbas into War

Israel may have struck it rich twice – once with indications of oil off the southern coast and twice with the prospect of Hamas and Abbas fighting it out over probably claims to the Israeli discovery.

'Tamar'  gas rig off Israel's Mediterranean coast.

'Tamar' gas rig off Israel's Mediterranean coast.
Photo Credit: Nobel Energy/Flash 90

A new oil discovery in southern Israel might turn out to be the catalyst for an internal and self-destructive war in the Palestinian Authority, with Hamas in Gaza and chairman Mahmoud Abbas in Ramallah likely to claim ownership of a new Israeli offshore oil discovery near Ashdod.

When the Tamar and Leviathan gas and oil fields off the Haifa and Hadera coast, in northern Israel, were discovered, Lebanon and Hezbollah quickly claimed that energy reserves were in their territorial waters.

The oil and gas reserves are clearly within Israel’s territorial waters, but the fields could extend as far as the waters off the Lebanese coast.

Lebanon warned the American Noble Energy company not to approach its territory, and Hezbollah it would go to war over the oil and gas fields. Since then, Israel has brought gas into production, and Lebanon and Hezbollah have kept quiet, partly because the United States has mediated by proposing a boundary between Lebanon and Israel’s maritime economic zones.

Now comes the Israeli Shemen Oil and Gas Company which reported on Saturday indications of  “high quality of oil”  following offfshore drilling at its Yam-3 well, 10 miles from the southern port city of Ashdod, located only a few miles north of Gaza.

The drilling reached a depth of 19,000 feet undersea, but the possibility of commercial production awaits further tests.

“This is good news for Shemen but it is still too early to pop the champagne,” Noam Pincu, an analyst at Psagot Investment House Ltd. in Tel Aviv, told Bloomberg News. “We have to see the results of the production tests to estimate the quantities and quality of oil at the site.”

It still is not clear from the drilling report how thick the reservoir is and how much much oil could be commercially produced. Analysts said it could be only a few barrels a day or it could be several hundred a day, which would bring in millions of dollars.

If the Yam 3 well turns to be commercially viable, Prime Minister Binyamin Netanyahu might be able to relax at U.S. Secretary of State John Kerry’s peace talks and let Fatah and Hamas knock each other out.

Hamas and its rival Fatah movement likely would be at each other’s throats, literally, to claim that Israel is “stealing” the reserves from them.

Abbas was head of all of the Palestinian Authority in Judea and Samaria as well as Gaza until Hamas completed a bloody military coup six years ago. Abbas dissolved the Fatah-Hams coalition government and declared himself as ruler of Gaza by presidential decree, which Hamas correctly terms as “worthless.”

Abbas and Hamas de facto prime minister Ismail Haniyeh have since failed to carry out several declarations of unity.

All it will take is a few barrels of oil near Gaza’s waters for both leaders to draw their knives and guns for energy reserves that are so close to Gaza that Haniyeh and Abbas can claim that Israel is “stealing” them by drilling diagonally into Gaza waters.

Both Ramallah and Gaza City are in serious trouble financially. Egypt’s new war on terror in the Sinai has choked off the flow of commercial goods through the border at Rafiah, and Abbas is totally dependent on the economically ailing European Union, to stave off bankruptcy.

About the Author: Tzvi Ben Gedalyahu is a graduate in journalism and economics from The George Washington University. He has worked as a cub reporter in rural Virginia and as senior copy editor for major Canadian metropolitan dailies. Tzvi wrote for Arutz Sheva for several years before joining the Jewish Press.


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.

8 Responses to “New Israeli Oil Find near Gaza Could Drive Hamas, Abbas into War”

  1. Yechiel Baum says:

    who says either of them have the right to what Israel finds within Israeli territorial borders?

  2. Tim Upham says:

    I am surprised the Palestinians have not entered into a civil war yet. But their great lack of political unity, is the true barrier to them achieving statehood. The United Nations can vote, but for which Palestinian faction are they voting for?

  3. truthseekr says:

    Since Gaza was never officially recognized as a nation, since Hamas took over and there still are no peace or territorial agreements with the Arabs, there should be no question this oil is Israel’s. They can whine and cry and try to steal the oil all they want, but they have no legal claim on it. Still, it’s hard to see how this find plus the previous ones, will benefit Israelis, as the price of gas, already high, is going up even more.

  4. Could this be the "hook in the jaw"?

  5. if it is off the coast of southern israel then its israels. but if it is in the west bank or gaza strip, which this oil might extend to, then it is considered property of the palestinians, either hamas or PA.

  6. I believe Russia or a confederation including Russia are what is referred to in Ezekiel 39 – but yes, I think we are there. This saber rattling and posturing are preludes for what is to come very soon now.

  7. JohnBilly says:

    “…and Abbas is totally dependent on the economically ailing European Union, to stave off bankruptcy.
    Read more at: (by the way, I hate when that read more thing sneaks into my copy paste)”
    Not to mention the millions in foreign aid that Israel gives to the Terroristinians to kill Jews with…

  8. Rejoice KB says:

    these are the end time signs…..

Comments are closed.

Current Top Story
Thousands of Israelis at an anti-violence and anti-homophobia rally in Tel Aviv Saturday night.
Rally against Violence Bars Religious MKs and Boos Right-Winger
Latest News Stories

Drivers of the Jerusalem Light Rail system shut down the trains in a wildcat strike Sunday morning leaving tens of thousands people stranded. The drivers are protesting work conditions and the increased frequency of trains. The Transportation Ministry is deploying hundreds of additional buses to try to overcome the sadden lack of train service. CityPass, […]

Thousands of Israelis at an anti-violence and anti-homophobia rally in Tel Aviv Saturday night.

Homosexual leaders who organized last night’s rally in Tel Aviv demanded that speakers sign a pledge supporting their cause.

Former liberal Democratic New York Congressman Gar Ackerman has come out four-square against the nuclear deal with Iran, Ackerman, who was New York City’s 7th District Congressman for 30 years until 2013 and is 72 years old, has joined the advisory board of Citizens for a Nuclear Free Iran. He stated Friday: While I have […]

sharks2

The surfer got back to shore and saw there had been two sharks circling him.

Cong. Albio Sires of New Jersey is the third Democrat so far to come out against the JCPOA because it won’t bar Iran from becoming a nuclear state

No one envied the Iranian last week, with temperatures above 150 Farenheit. In Israel, it hit above 100 degrees.

Sandy Berger: “Going forward, if Bibi continues to be the obstacle, you will need to find the ground from which you can make his politics uneasy.”

The plaintiff allege that a building manager told them to “Go somewhere else if you don’t like it.”

Gaza terrorists launched a double rocket attack late Saturday, but Israelis weren’t warned. The rockets miraculously landed short.

Here is a long, but incomplete, list of Arab attacks over Shabbat…

Palestinian Authority Arabs attempt to torch Joseph’s tomb in retaliation for Duma arson attack.

Israel Police are on nationwide ‘high alert’ in response to an uptick in Arab violence.’

Arabs attacked Israeli forces in Jerusalem, Judea and Samaria on Sabbath over the deaths of an innocent baby and a terrorist.

There were no injuries, but the bus was badly damaged.

State Dept. claims Congress is “looped in,” but IAEA head refuse to testify at Senate hearings.

They are throwing rocks and blocks at the drivers as they drive by.

More Articles from Tzvi Ben-Gedalyahu
Thousands of Israelis at an anti-violence and anti-homophobia rally in Tel Aviv Saturday night.

Homosexual leaders who organized last night’s rally in Tel Aviv demanded that speakers sign a pledge supporting their cause.

Matt Lee of the Associated Press at the State Department press briefing.

State Dept. claims Congress is “looped in,” but IAEA head refuse to testify at Senate hearings.

The IDF and police are combing Judea and Samaria to search and arrest the attackers.

“Yesha” and Binyamin Regional Council leaders said the attack “is not the path of Jews in Judea and Samaria.”

Saudi Arabia may buy $5.4 billion worth of PAC-3 missiles as part of an effort by the Obama to soothe Riyadh’s anger over the nuclear agreement with Iran. The State Dept. approved the Lockheed missile sale, which also would be another plum for the military-industrial complex. Lockheed stated, “Lockheed Martin is supporting the US government […]

Thousands of security forces have been deployed to the Temple Mount. Mother and brother of baby are in critical condition.

The Prime Minister said that the procedures for inspections are “full of holes.”

Printed from: http://www.jewishpress.com/news/new-israeli-oil-find-near-gaza-could-drive-hamas-abbas-into-war/2013/09/09/

Scan this QR code to visit this page online: