- March 6th, 2022, 10:06 am
#640453
Trust me, I keep up. Locations of reserves are an exceptionally important part of my business life. It is the primary rrason that I find myself in some really remote locations around the planet.
Yes, there are natural gas reserves in the Eastern Med primarily off the coast of Cyprus is disputed waters with Turkey. This has actually led to a lack of exploration and production due to the geopolitical overtones that could likely lead to war. It is very similar to what you see in Guyana-Venezuela before the massive discoveries that continue to pop up down there in the Caribbean.
Can Israel potentially exploit these assets to have some energy self-reliance? Absolutely. But until this past week's commodities jumps based on the Ukrainian/Russian situation, it was not economically sustainable to be commercial. In other words, it is substantially cheaper to buy it some place else that to extract it themselves. I seriously doubt we maintain these incredible commodity prices for an extended period of time. The market will react to find solutions relatively quickly regardless of how long the Russian aggression lasts.
If you are looking for Biblical signs, I think most of your attention should be focused on Tel Aviv's tech sector. It is perhaps the hottest technology generator on the planet outside of the US, China & Taiwan. I suspect this is what the world will be wanting to seize in Revelation. Then again, I personally plan on being long gone by then.