Israeli investors had reason to celebrate last month with the news that Israel may soon be joining the club of oil-producing states. Only one cloud looms on the horizon. It is unclear how much of this new-found oil wealth actually belongs to Israel. The Meged 5 oil field extends over a very large area, possibly 250 sq km, with much of the reserves believed to lie under Palestinian territory in the West Bank. PA officials refer to it as part of Israel’s “theft of Palestinian national resources”.
Jonathan will be on a speaking tour in Canada in March 2014. Click HERE for more.