Big Gas Find Sparks A Frenzy In Israel -- Wall Street Journal
TEL AVIV—Two years ago, Ratio Oil Exploration LP, an energy firm here, employed five people and was worth about half a million dollars.
Today it sits at the center of a gas bonanza that has investors, international oil companies, Israeli politicians and even Hezbollah, Israel's sworn enemy, clamoring for a piece of the action.
Ratio's market capitalization now approaches $1 billion. The rally at Ratio is thanks to the company's 15% stake in a giant offshore gas field called Leviathan, operated by Houston-based Noble Energy Inc.
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My Comment: Oil is still the required energy source for Israel .... but obtaining any other alternative energy sources can only assist in Israel`s long term security needs. Mind you .... in the event of war .... these natural gas platforms will probably be priority military targets.
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