Post by Ethan / JRyan on Apr 17, 2023 14:06:02 GMT -5
One must remember, Oil shale(think Permian) is NOT shale oil. However technology is changing. This doesn't help Zion Oil but it does explain there is oil there or directly nearby.
Good read actually
Thanks to Loneranger777 on stock twits for the link.
Israel’s Natural Resources
Oil Reserves
As of 2014, Israel’s estimated proved reserves of oil were 11.5 million barrels, link. Others claim an estimated 620-billion cubic meter reservoir, link.
Shale Oil: In 2009 an Israeli geologist discovered oil embedded in rock in the ground southwest of Jerusalem. “There’s lots of it — and it could change the Middle East forever” [TIME]
In fact, it turned out that Israel has one of the world’s largest deposits of shale oil, with a potential of some 250 billion barrels in the Shfela basin, link, link. This represents the world’s third-largest quantity of oil shale behind the US and China.
The basin spans Israel and Jordan and shale deposits have been found to the south of Jerusalem, and outside of the West Bank region, see map. Although expensive to extract, Israel is now pioneering shale oil technology. “Tried-and-tested oilfield technologies will be the key to delivering a new era of onshore oil in Israel” [Harold Vinegar, former Shell Oil Company Chief Scientist]. But, as for many shale oil projects, there is opposition on environmental grounds, link.
As of 2014, Israel’s estimated proved reserves of oil were 11.5 million barrels, link. Others claim an estimated 620-billion cubic meter reservoir, link.
Shale Oil: In 2009 an Israeli geologist discovered oil embedded in rock in the ground southwest of Jerusalem. “There’s lots of it — and it could change the Middle East forever” [TIME]
In fact, it turned out that Israel has one of the world’s largest deposits of shale oil, with a potential of some 250 billion barrels in the Shfela basin, link, link. This represents the world’s third-largest quantity of oil shale behind the US and China.
The basin spans Israel and Jordan and shale deposits have been found to the south of Jerusalem, and outside of the West Bank region, see map. Although expensive to extract, Israel is now pioneering shale oil technology. “Tried-and-tested oilfield technologies will be the key to delivering a new era of onshore oil in Israel” [Harold Vinegar, former Shell Oil Company Chief Scientist]. But, as for many shale oil projects, there is opposition on environmental grounds, link.