Gipper
Well-Known Member
Big Gas Find Sparks a Frenzy in Israel
By CHARLES LEVINSON And GUY CHAZAN
TEL AVIV—Two years ago, Ratio Oil Exploration LP, an energy firm here, employed five people and was worth about half a million dollars.
[ISRAGAS] Noble Energy
Operations in Noble Energy's Leviathan gas field, the world's biggest deepwater gas find in a decade.
Today it sits at the center of a gas bonanza that has investors, international oil companies, Israeli politicians and even Hezbollah, Israel's sworn enemy, clamoring for a piece of the action.
Ratio's market capitalization now approaches $1 billion. The rally at Ratio is thanks to the company's 15% stake in a giant offshore gas field called Leviathan, operated by Houston-based Noble Energy Inc.
http://online.wsj.com/article/SB10001424052970204204004576049842786766586.html
Well at least Israel is trying to be energy independent. But, thanks to the green weenies and commies running the country, America will stay dependent.
If we were doing any exploration, we would find huge sources of energy too. But no and the dupes don't know any better.