web analytics
September 20, 2014 / 25 Elul, 5774
At a Glance

Posts Tagged ‘oil’

Golan Heights Wind Farm

Monday, November 12th, 2012

The Golan Heights Wind Farm is located 3,150 ft. above sea level on Mount Bnei Rasan, three miles south of Quneitra in the Golan Heights.

In other words, just a stone’s throw away from the bloodiest civil war raging in the region.

It was the first wind farm ever built in Israel, back in 1992. It perates 10 Floda 600 wind turbines generating 6 MW for the Mey Eden mineral water bottling plant, the Golan Heights Winery and 20,000 local residents, give or take. The surplus is fed into the electrical grid.

Several more wind farms are planned in the Galilee, the Negev, and the Aravah regions.

Walking to shul on the shore of the Mediterranean in Netanya, holding on to my yarmulka against the crazy gale, I wonder why they haven’t filled up the horizon with off-shore wind turbines. Altogether, it’s nuts that a country with this much sun and this much wind has to keep looking for oil and natural gas in the ground.

You know why the off shore rigs Israeli companies keep building are yet to yield a drop? Because the midrash says there was no deluge in Eretz Israel. No deluge – no oil or natural gas. It’s scientific…

But, like I said, we’re blessed with so much wind and sun, we should be able to make with it more than just hot air…

Report: Iran Planning Massive Oil Spill in Strait of Hormuz

Monday, October 15th, 2012

Iran may purposefully contaminate the waters of the Strait of Hormuz by performing an oil spill, according to a report in the German weekly Der Spiegel on Sunday.

The plan, codenamed “Murky Waters”, would block oil shipping routes in the Gulf. It would also drive up oil prices and force the west into an emergency cleanup in cooperation with Iran, which would likely reduce sanctions on the country.

The decision whether to implement the plan rests with Supreme Leader Ayatollah Ali Khamenei.  It is the brain child of Iranian Revolutionary Guard commander General Mohammed Ali Jafari and Navy Commander Rear Admiral Ali Fadavi.

Iran Claiming Oil Deal with Egypt

Monday, September 10th, 2012

The Iranian Students’ News Agency (ISNA) was quoted on Monday by Reuters as stating, in the name of Iranian Oil Minister Rostam Qasemi, that Iran is negotiating to sell oil to Egypt.

The Iranians have been saying time and again, especially since the new round of Western sanctions set in on July 1, that they are negotiating to sell oil to several new buyers, but would not name.

According to Reuters, a spokesman for Egypt’s oil ministry refused to comment on Qasemi’s remarks.

Since the fall of President Mubarak, relations between Egypt and Iran have been improving, and last month President Muhamed Morsi visited Tehran – first Egyptian leader to do so since 1979.

Egyptian Petroleum Minister Osama Kamal told Al-Ahram earlier in September that he had no objection to importing Iranian crude oil, to be processed in Egyptian refineries.

But such an Egyptian move will likely not receive the blessing of the Obama White House, nor of the U.S. Congress.

Egypt has been receiving just under $2 billion in U.S. foreign aid, but the Obama Administration has repeatedly promised a significant increase in some aspects of the aid package over several years, as well as completion of an agreement between Egypt and the International Monetary Fund (IMF).

In short, like Israel, Egypt stands to lose a great deal by annoying the Americans.

Iran Bypassing Sanctions on its Oil, Aided by Asian Customers and the Obama Administration

Sunday, September 9th, 2012

Iran is involved in hectic attempts to lower the insurance costs for its oil shipments, and, apparently these attempts are working.

Iran Insurance Company (IIC) Chairman Javad Sahamian has told Tehran Times that Iran will provide insurance coverage for any oil tanker carrying Iranian crude oil. “After the sanctions, Iran extends insurance coverage for every oil tanker loading in Iranian ports,” Sahamian said.

Seyyed Ataollah Sadr, managing director of Iran’s Ports and Maritime Organization, said last July that Iran would give insurance to “any foreign ship that enters Iran’s waters” but did not elaborate on how the scheme would work in practice.

The consortium providing the insurance to these rogue shipments includes domestic insurance firm Kish P&I, itself underwritten by Central Insurance of Iran, and Razi Insurance Company, which in August was reported by the Fars News Agency (FNA) as “ready to join the consortium of domestic companies in this field.”

According to various sources, Kish, which is the Iranian national insurance company, has already begun to independently insures all vessels leaving Iranian ports, replacing insurance service by European companies, which was stopped on July 1, when the European Union sanctions on the Iranian oil industry went into effect.

Now, as a result of self-insuring, the premium for transporting oil to Japan dropped from $3.17 a barrel in July to $2.00 in August.

In addition, carriers belonging to the National Iranian Tanker Company, (NITC), began independently transporting oil to countries in the Far East in order to help them avoid the sanctions. The NITC frequently uses small, private Iranian shipping companies flying foreign flags. Coverage provided by the Kish Company for the fleet of tankers has amounted to $1 billion.

Turkey’s imports of Iranian crude oil have jumped in August, ignoring possible friction with the U.S., after hitting a multi-year low in July, using Iranian-owned tankers.

Kish uses a secondary guarantor, the Central Bank of Iran.

The U.S. and European countries are aware of the latest developments, and have begun to demand penalties for Asian countries attempting to avoid the sanctions. Many analysts predict, however, that the U.S. is not planning to enforce the sanctions with real, tough measures against countries like Japan or China.

The U.S. has also given several countries sanction waivers after they cut imports prior to the imposition of the full embargo. Turkey was granted a 180-day exception from sanctions from June 11 as a result of an initial 20 percent cut in July, according to Tehran Times.

With the elections approaching, the last thing President Obama wants is to get into complications with those two countries, or with South Korea. Analysts add that the U.S. economy is benefiting from the Asian markets’ clandestine oil imports from Iran.

But all hope is not lost – it turns out Iran’s biggest enemy is its own inefficiency. A research study conducted by Reuters last Week revealed China’s lack of satisfaction with the timing of the Iranian oil deliveries, which used to take 48 hours and now takes up to 10 days.

But the Kish insurance policies do not cover instances of late delivery; and an unhappy China is pressuring Iran to improve service or improve the compensation system.

Holiday Recipes

Wednesday, September 5th, 2012

Shank Bone Filled With Dried Fruit And Rice
(Serves 5)

Ingredients:

Lamb shoulder (ask the butcher to remove the bones and create a pocket for filling)
1 tbsp. olive oil
5 tbsp. heated honey
6 fresh thyme sprigs, chopped
8 garlic cloves, sliced

Filling:

2 cups round rice, cooked
1 cup pitted dates, cubed
1 dried apricot, cubed
1 cup Granny Smith apples, cubed
1 cup shelled almonds (blanched)
1 cup craisins (dried cranberries)
1 celery stalk, chopped
1 medium ginger root, grated
Salt and pepper to taste

A bed of root vegetables:

3 parsley roots, coarsely chopped
3 celery roots, coarsely chopped
8 medium artichokes, coarsely chopped
6 carrots, sliced
1 red onion, coarsely chopped
1 head of garlic, halved
1½ cups red wine
Salt and pepper to taste

Preparation:

Mix all the filling ingredients together and season with salt and pepper.

Stuff the pocket of the lamb shoulder with the filling.

Sauté all of the root vegetables in a frying pan until golden.

Pour the vegetables into a baking dish.

Place the meat on top of the vegetables.

Mix the honey, thyme, olive oil and garlic together and pour it over the meat. Pour the wine over the vegetables.

Cover the dish with aluminum foil and bake at 350 degrees Fahrenheit for about 90 minutes.

Uncover and bake again at 300 degrees Fahrenheit for an additional 90 minutes.

To serve: Slice the meat, place on a serving plate and add a spoon of vegetables.

Rosh Hashanah Honey Cake

Ingredients:

1 cup corn oil
1 cup water
4 medium eggs
1 tsp. baking soda
1 tsp. baking powder
1 tsp. instant coffee powder
1 tsp. cinnamon
½ tsp. cloves
¼ cup sliced almonds
½ cup honey
¾ cup sugar
3 Granny Smith apples, peeled and cubed

Preparation:

In a standard mixer, mix all the ingredients (except apples) for about 4 minutes, until fluffy.

Divide into 2 long loaf pans (about ¾ of the way full) and sprinkle with apples and almonds.

Bake on 325 degrees Fahrenheit for about 35 minutes.

Cool and serve.

Can be kept in a cool place for up to 2 weeks.

Moti Buchbut is executive chef at Inbal Jerusalem Hotel.

Easy Weeknight Dinners

Monday, September 3rd, 2012

With loads of camp laundry to wash and fold, and school prep on our minds, we are all busy with one thing or another. No one needs the added stress of planning tomorrow night’s dinner! Look below for several quick and tasty dishes to serve the family.

Chicken & Rice Bake

It’s still August and the heat of summer is hitting us full blast! I’m hot and sweaty and the last thing I want to do is turn the oven on or have to stand in front of the stove for a long time. This recipe is quick and easy at it’s best. It’s a one-pot dish that makes for a flavorful dinner with an easy cleanup. I like ginger, however, if you don’t simply keep it out and replace it with your favorite spices.

Ingredients:
1 small onion, diced
2 tablespoons olive oil
2 cups chopped spinach (I use frozen)
1 cup of rice, raw not yet cooked
2 cups of vegetable or chicken broth
4 pieces of chicken breast, cut into small pieces
Salt, pepper, garlic, and ginger to taste

Directions:

Saute onions with olive oil in a large pot until golden.

Season with salt, pepper, garlic and ginger.

Add the chicken pieces and cook until no longer pink.

Add rice, broth and spinach to the pot.

Cover and simmer until liquid is absorbed.

Roasted Tomato Soup with Grilled Cheese Croutons

This dinner is tasty and fun for the entire fam! The grown ups will enjoy the rich flavor in the soup while the children will adore the mini grilled cheese sandwiches floating on top.

Ingredients:
1 container of cherry tomatoes
Salt & pepper to taste
2 tablespoons olive oil
1 small yellow onion, diced
2 cloves of garlic, diced
1 can of diced fire roasted tomatoes (14.5oz)
3 cups of vegetable broth

Directions:

Place cherry tomatoes in a baking pan. Drizzle 1 tablespoon olive oil over the tomatoes and season with salt and pepper. Coat well.

Place in oven on 400° for 30-35 minutes until beginning to brown.

Once the tomatoes are roasted, saute onions and garlic with remaining olive oil. Once golden, add the broiled tomatoes and allow to cook for 2 minutes.

Add the canned tomatoes and mix well. Allow to cook for 2 minutes.

Add the broth and bring to a boil then reduce heat and simmer for 30 minutes. Puree with an immersion blender and serve with grilled cheese croutons. (Grilled cheese sandwiches cut into mini squares)

Creamy Spinach Mushroom Linguine

I was craving Fettuccine Alfredo the other night and decided to experiment in the kitchen. I wanted to eat pasta that was rich and creamy, yet lighter on calories than the original dish which is loaded with fat. I skipped the heavy cream and butter and swapped them with low fat cream cheese and olive oil. I added the mushrooms and spinach for extra nutrition and flavor.

Ingredients:

1 box of whole grain linguine
1 onion, diced
1 clove of garlic, diced
Mushrooms, sliced
Spinach, fresh or frozen
1 8oz. container low fat cream cheese
1 cup of 2% milk
1/4 cup of parmesan cheese
Salt & pepper

Directions:

Cook the pasta according to the package directions. Drain well.

Meanwhile, sauté the onions and garlic in some olive oil. Once golden, add the mushrooms. Cook until tender and add the spinach. Season with salt and pepper.

Allow to cook and then add the cream cheese.

Once melted add the milk and parmesan. Combine well.

Add the pasta and stir over low heat until heated through.

Top each serving with additional parmesan.

Yoram Ettinger: Israel’s Economic Culture Praised Despite Global Financial Gloom

Wednesday, August 8th, 2012

While the global economy deteriorates and its ripple effects erode Israel’s economic indicators (e.g., unemployment increased to 7%), there is cause for optimism in the Holy Land:

–Frans Van Houten, the CEO of the Dutch giant, Philips Global recently told Globes Business Daily (Aug. 2, 2012): “Israel’s economic and organizational culture is consistent with Philips’ requirements…. Philips owes part of its enhanced performance [2nd quarter’s earnings – 17% above projections] to Israel’s excellent engineers in the imaging, data processing and data storage areas.  Philips has expanded its Israeli presence and acquisitions since 1999, when it acquired part of Israel’s Elscint, then Israel’s CDP and CDC…. Philips will expand its current 600 employee research & development center.”

–Marcos Battisti, head of Intel Capital in Europe and Israel, hired additional investment directors in Israel, expanding Intel’s pursuit of Israeli start ups.  Since 1991, Intel Capital invested in 60 Israeli companies, collaborating with Intel’s four research & development centers and two manufacturing plants in Israel (Globes, July 26).

–Israel’s Kayak raised $91MN in a Wall Street IPO led by Morgan Stanley (Globes, July 23).  Abingworth Ventures, 7 MedHealth Ventures, Arch Ventures, MPM Capital and F3 invested $38MN in a round of private placement by Israel’s Chiasma (Globes, July 24).  Battery Ventures and Bessemer Ventures led a $12MN round of private placement by Israel’s Vayyar Imaging (Globes, Aug. 3).

–Is Israel a future energy superpower?  Walter Russell Mead, Editor at-large of the Washington, DC-based bimonthly magazine The American Interest, which specializes in global economy and international affairs, July 2, 2012: “Canada and Russia are moving to step up energy relations with Israel….Israel and Canada have just signed an agreement to cooperate on the exploration and development of what could be vast shale oil reserves beneath the Jewish State…. The Russian Gazprom and Israel have announced plans to cooperate on gas extraction…. Drillers working in Israeli waters have already identified what seems to be 5 billion barrels of recoverable oil, in addition to over a trillion cubic feet of gas. Israel’s undersea gas reserves are currently estimated at about 16 trillion cubic feet and new fields continue to be rapidly found…. Another sensible target for Israeli energy diplomacy would be India… eager to diversify its energy sources…. According to the World Energy Council, a leading global energy forum, Israel may have the 3rd largest shale oil reserves in the world: something like 250 billion barrels (US – well over 1 trillion barrels; Canada – 2 trillion barrels)…. OPEC’s power to dictate world prices is likely to decline as Canadian, US, Israeli and Chinese resources come on line… An energy-rich Israel… is also going to be a more valuable ally…. The impact of Israel’s energy wealth is dramatic.  On President Putin’s visit to Jerusalem he donned a Kippah (skullcap) and went to pray at the Western Wall.  Turning to the Wall, he said: ‘here we see how the Jewish past is etched into the stones of Jerusalem….’  In the meantime, we wonder if there was an 11th Commandment at Sinai: ‘Thou shalt drill, baby, thou shalt drill.’”

Originally published at http://www.theettingerreport.com/Overseas-Investments/Israel%E2%80%99s-Economic-Culture-Praised-by-Philips-Globa.aspx 

Printed from: http://www.jewishpress.com/indepth/analysis/yoram-ettinger-israels-economic-culture-praised-despite-global-financial-gloom/2012/08/08/

Scan this QR code to visit this page online: