web analytics
August 30, 2014 / 4 Elul, 5774
At a Glance
News & Views
Sponsored Post
Jerusalem Mayor Nir Barkat (L) visits the JewishPress.com booth at The Event. And the Winners of the JewishPress.com Raffle Are…

Congratulations to all the winners of the JewishPress.com raffle at The Event



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 northern coast.

'Tamar' gas rig off Israel's northern 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.

SocialTwist Tell-a-Friend

Current Top Story
ISIS in Quneitra
Updates from Kuneitra, Syria [video]
Latest News Stories
ISIS in Quneitra

With new neighbors along our Syrian border, we thought we’d check out what they’re saying and what’s going on…

Jewish Comedienne Joan Rivers gives an impromptu speech on why Hamas should be wiped out.

We wish a speedy recovery to Joan Rivers, the straight-shooting Jewish comedienne whose exact analysis of the war was, “Hamas started it.”

An IDF soldier who was critically injured last week by a rocket that hit Ashdod died from his wounds today. He is Israel’s 71st casualty in the war. Sergeant Natanel Maman, 21, from Gan Yavne, an Ordnance Corps soldier, was critically injured by a rocket that hit Ashdod last Friday. He was promoted posthumously from […]

Imam speaks against ISIS to a  Michigan"crowd" of approximately 50 people.

More than 200,000 Muslims live in Michigan. Fifty of them showed up for a protest against ISIS.

Sofer, who may have died from dehydration after falling in a ravine while hiking, is being buried in Beit Shemesh.

The Boycott Israel movement, so far, is more bark than bite.

The bad news is that ISIS and Al Qaeda are on the Syrian Golan. The good news is that every terrorist in Syria is killing each other.

Netanyahu gets support from Congressmen on House Armed Services Committee

Some Chareidi entertainers thrilled the crowd on Jerusalem’s Ben Yehuda Street with some Jewish entertainment.    

Hamas’ supreme leader Khaled Mashaal dashed any hopes of long-term peace with Israel in a speech in Qatar on Thursday in which he shot from the hip at Israel and also at his terrorist organization’s new partner, the rival Fatah movement headed by Palestinian Authority chairman Mahmoud Abbas. His lengthy speech in Qatar, which has […]

Many of the Syrian soldiers were not armed when ISIS captured and then slaughtered them.

Police are still working to confirm the identity of a body that was found by searchers hunting for missing yeshiva student Aharon Sofer.

Iconic pro-Israel comedian Joan Rivers is in critical condition following a throat procedure.

UN troops fled their posts along the Syrian-Israel border after they decided it was too dangerous for them to do their job.

In the wake of a 12th Israel-Gaza cease-fire, Britain’s Jews and Muslims have issued a joint call for peace.

The investigation shed light on the movements of the drug traffickers operating under Hezbollah’s direction in Lebanon and Israel.

More Articles from Tzvi Ben-Gedalyahu
Jewish Comedienne Joan Rivers gives an impromptu speech on why Hamas should be wiped out.

We wish a speedy recovery to Joan Rivers, the straight-shooting Jewish comedienne whose exact analysis of the war was, “Hamas started it.”

Imam speaks against ISIS to a  Michigan"crowd" of approximately 50 people.

More than 200,000 Muslims live in Michigan. Fifty of them showed up for a protest against ISIS.

Sofer, who may have died from dehydration after falling in a ravine while hiking, is being buried in Beit Shemesh.

The Boycott Israel movement, so far, is more bark than bite.

The bad news is that ISIS and Al Qaeda are on the Syrian Golan. The good news is that every terrorist in Syria is killing each other.

Hamas’ supreme leader Khaled Mashaal dashed any hopes of long-term peace with Israel in a speech in Qatar on Thursday in which he shot from the hip at Israel and also at his terrorist organization’s new partner, the rival Fatah movement headed by Palestinian Authority chairman Mahmoud Abbas. His lengthy speech in Qatar, which has […]

Has Netanyahu ever heard of Lincoln’s phrase, “You cannot fool all of the people all of the time?”

The case of missing U.S. yeshiva student Aaron Sofer, studying in Israel, remains unsolved after six days.

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: