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USGS identifies potential giant oil and gas fields in Israel/Palestine

April 9, 2010

Analysis by the experts at the US Geological Survey indicates the potential for ultimately recoverable reserves of 1.7 billion barrels of oil and 122 trillion cubic feet of natural gas in the eastern Mediterranean region.

One cannot help but notice how much of this resource straddles the border of Israel and Palestinian Authority territory, primarily Gaza but also one gas field on the border of the West Bank.  An optimist would say this presents the opportunity for economic cooperation between the two sides that could lead to a wider understanding.  A cynic would say this report just throws gas on the fire.  A lot of gas.

The one thing the Israel/Palestine conflict has lacked over the decades is a tussle over petroleum assets.  Although the region is rich in oil and gas resources, Israel, Gaza and the West Bank have been mostly barren, as this recent (2004) map of oil and gas fields from M.K. Horn illustrates.

I tend to lean toward the cynical assessment of the political ramifications of this.  But the great thing about human activity is that it always surprises you, one way or the other.

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6 comments

  1. […] confrontation with Israel.  Erdogan is also intent on limiting Israeli exploitation of the recently (2010) discovered gas fields beneath the Eastern Mediterranean.  There is as much as 1.7 billion barrels of oil and 122 trillion cubic feet of natural gas in the […]


  2. A possible hidden truth behind the Israeli and Palestinian conflict (of interest)

    It appears that on top of a shared religious interest on Jerusalem and the mutual killing, which amounts in about 5.4 (over 7900 vs. a little more than 1500) times the Israeli losses for the Palestinians there is also an Oil controversy. As this article shows, pretty much all but one the Natural Gas sites would fall under Israeli control should present land assignment not change. Now, I am not the first to say that all too often Politics uses religious fervor and ethnic pride to inflame the spirits and divert attention from the real topic of Political Interest, as politics are held by the nuts from Corporate and Partisan Interest.


  3. […] year, the USGS assessed the potential energy bounty of billions of barrels of oil and trillions of cubic feet of natural gas in the waters of the […]


  4. […] Offsore Gas Reserves.   Late in the last decade, oil & gas exploration companies discovered several oil and gas fields in the Eastern Mediterranean Sea.  The nations of Lebanaon, Syria, Turkey and Cyprus might all eventually benefit from the finds, […]


  5. […] USGS identifies potential giant oil and gas fields in Israel/Palestine […]



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