December 20, 2011

Analyzing Israel's Energy Future

Martin Beranek, Front Page Magazine


AP

Energy has always been the weak link in Israel’s thriving economy. Decades of digging and drilling yielded practically no hydrocarbons at all. Israel was forced to spend 5% of its GDP buying fuel from suppliers that did not have its interests at heart, and were often unreliable. At one point for instance, Israel purchased 40% of its natural gas from Egypt. But the pipeline across the Sinai has been bombed so many times there was often not enough time between explosions to get the gas flowing again. Post-Mubarak Egypt desperately needs the money to replace lost tourism revenue, but hatred of Israel trumps all. . .

Read Full Article ››

TAGGED: energy security, economy, energy outlook, Israeli energy policy, Israel, Front Page Magazine

RECOMMENDED ARTICLES

The CSIS Energy and National Security Program hosted the public rollout of ExxonMobil’s 2012 Outlook for Energy.  ExxonMobil executives William Colton, vice president, Corporate Strategic Planning, and Kenneth... more ››
December 15, 2011
The Geopolitics of the Arctic
Scott Borgerson & Paula Dobriansky , CFR
Scott Borgerson and Paula Dobriansky discuss the economic, environmental, and security implications of a changing Arctic region and its significance for the United States. . . more ››
December 8, 2011
Top Solar Stories of 2011 in Review
Shifra Mincer, AOL Energy
The solar industry is moving into a low-cost future overshadowed by technology changes, but is still growing quickly. The solar industry weathered a somewhat cloudy year, rife with the political consequences of the Solyndra... more ››
December 16, 2011
Presidential Candidates On Energy Policy
Council on Foreign Relations
Amid ongoing economic struggles, the cost and availability of energy resources have become contentious issues in the United States. President Barack Obama and Republican candidates say that increasing energy independence is... more ››
December 12, 2011
Our Outlook For Energy: A View To 2040
ExxonMobil
Everywhere, though, we see energy being used more efficiently and energy supplies continuing to diversify as new technologies and sources emerge.Other key findings of this year's Outlook include:Global energy demand... more ››