Absolutely Right - Comment - Israel News | Haaretz Daily Newspaper
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    • ERSB
    • 17.11.10 | 16:50 (IST)

    there's so much populism involved in this whole debate but no one seems to care that Tshuva and his investors took huge risk when they funded the exploratory drilling and they did so based on the existing royalties/tax scheme. In business risk and reward go hand in hand, the greater the risk (and here it was immense) the greater the potential return needs to be to justify the risk. Now, where it seems that their risk may have been worth it, along comes the state at the behest of the neo-communist Shelly Yehimovitz and the media and wants to re-write the agreement to take 2/3 of the benefit of the gas discoveries without risking a penny in discoverng them. But if you beleive the media, so long as we're screwing a "tycoon" it's all good.

    from the article: He's just an evil tycoon
    First published 02:17 16.11.10 | Last updated 02:17 16.11.10
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