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Saudi King Hands Out $32.2 BILLION in Bonuses to Government Workers

King Salman continues a tradition of new kings taking small change out of the kingdom's treasure chest for the plain folks.

More Western Defense Workers Targeted in Saudi Arabia

Two US defense contract workers were targeted with gunfire in Saudi Arabia - again - last week.

Economic Bomb of Plunge in Oil Prices Crippling Hezbollah and ISIS

The 50 percent drop in the price of oil also could make it harder for Iran to find money for its nuclear program.

Swiss Panel Rules Israel Owes Iran up to $100 Million in Compensation

Tons of oil were left in an Israeli pipeline built by the two countries before 1979.

Huge Oil Spill near Eilat an Ecological Disaster

Firefighters have stopped the flow of thousands of gallons of oil.

No Oil Drilling on Golan Heights, At Least For Now

Afek Oil and Gas has been blocked from drilling for oil on the Golan Heights, at least for now.

Jerusalem Says ‘No’ to Oil Shale Pilot – Is There A Future Elsewhere in...

Israel is still debating whether to dip into its Middle Eastern treasure chest for the oil shale that lies beneath the holy land.

Kurdish Oil Tanker Docks in Israel

Israel isn't afraid of sanctions from Iraq, which doesn't permit oil sales to Israel.

Tshuva To Export 20% of “Tamar” Gas Field to Egypt

Egypt is to receive 4.5 BCM (billion cubic meters) each year for 15 years, valued at 1.1 to 1.3 billion dollars a year.

Egypt Receives $700 Million in Oil Aid – Monthly

Egypt receives an estimated $700 million of oil every month from Arab countries, according to a report in the Egyptian Independent. Egypt's Petroleum Minister Sherif...

Off-Shore Oil Field May Contain 3 Billion Barrels of Oil

Noble told analysts that drilling will not begin before the end of next year.

Israelis Invent Revolutionary Alternative Fuel

Forget about ethanol, electric cars and vegetable oil as alternative, researchers at Ben Gurion University have come up with a new substitute for oil: water and good’ol carbon dioxide.

Former Chief of Staff’s Oil Well a Colossal Flop

Not all that glitters is gold and not all that smells like oil is money. Israel has become an oil and gas producer, but one oil well, run by a firm whose CEO is ex-Chief of Staff Ashkenazi, is a bust.

Israel Strikes More Oil in Area Discovered on Basis of Torah Verse

Moses made the right turn after all. In his song at the end of the Torah he spoke of ‘precious things of “Givat HaOlam.” The hidden meaning of “precious things” seems to be oil. Not olive oil, but black gold.

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 probable claims to the Israeli discovery.

Egypt Foils Attack on Suez Canal, Price of Crude Oil Soars

Egypt foiled a terrorist attack on a ship in the Suez Canal on Saturday and has increased security to protect ships and oil tankers....

More Gas Found Offshore of Israel

Additional natural gas, and possibly light oil have been found at the Yam 3 drill site, 16 kilometers off the coast of Ashdod, according...

Kerry’s New ‘Peace’ Brainstorm: Talk with Abbas without Israel

Kerry is flying to the Middle East, but who cares about Egypt or Syria? He will meet with Abbas in Jordan; Israel is not on his itinerary. He is cooking up something nasty or really is weird.

Terror on the Roads: Arabs Oil Up

For the second time in just over a week, Arabs have poured oil on the main road connecting Highway 60 to Beitar (near Efrat),...

More Natural Gas Found

Israel has (more) gas. Baruch Hashem. But who should profit?

Warren Buffet Buys Out Israeli Firm for $2 Billion

Warren Buffett’s Berkshire Hathaway is paying $2.05 billion for the remaining 20 percent of IMC International Metalworking Co, otherwise known as Isracar, completing the...

Israel Awards First-Ever Oil Drilling Permit in Golan Heights

Israel has awarded the first-ever oil drilling permit in the Golan Heights. On the eve of almost every high-level visit to Israel by US officials,...

How Israel Should Use Its New Found Energy Wealth

Israel should use its new gas resources to further its political interests, just as the Arabs have done with their energy resources.

‘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."

The Darkness and the Light

Sixty-four years is a long time for oil to burn, especially when the black oil next door seems so much more useful to the empires and republics across the sea.

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