The Holy Land sits on the world’s second-largest deposits of oil shale. Advocates say its extraction will be safe and could transform the economy. Opponents say the environmental fallout could be disastrous
By David Horovitz September 8, 2013

Far below the surface of the promised land, a hidden treasure lies. If it can be carefully liberated from the geological layer in which it is caught, it promises nothing less than to transform Israel’s economy. It is called oil shale. And, along with Jordan, Israel just so happens to sit upon the world’s second largest deposits of the stuff, after the United States.

Oil shale deposits are overwhelmingly located outside conventional oil-rich areas such as the Middle East and North Africa. So if safe, economic processes for extracting this alternative oil resource can be put into effect, dependence on the energy-exporting Middle East could gradually decline, in a dramatic transformation of the global economy, with Israel as a prime beneficiary.

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