How will the discoveries of natural gas in the Mediterranean and possibly oil in Israel affect the world? These are resources Israel desparately needs–after their need for water. This is indeed an area we should pray for God’s will and protection concerning Israel and her neighbors…     Ruth Mayfield

A preliminary geological survey has indicated that there might be about 26 million barrels of recoverable oil a mile under the sand near two kibbutzim in the northern Negev. That would amount to about $2 billion at current prices. There might be 12 million additional barrels further down.

This news comes a day after drilling began on the Leviathan, a record-setting exploratory well in a massive natural-gas field off the coast of Haifa. The area is thought to contain 16 trillion cubic feet of gas, and it might also contain oil.   Read more