enough reserves must be held but exports must be allowed - Comment - Israel News | Haaretz Daily Newspaper
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    • zionist forever
    • 16.06.13 | 09:47 (IDT)

    The Israeli government has not invested a single penny in the search for gas but the big companies have invested hundreds of millions of dollars and they want to be allowed to export some. Considering the fact that we would not even know that the gas even exists had it not been for their money it us not only unreasonable for refuse exports but we risk turing bg business away from Israel because it will be seen as an unsafe bet to invest in a country where a public who don't like the way they operate can protest and the government under pressure will change its policy and ban the companies doing things their way. Big world we live in now and big business is a power we cannot ignore. Yes we must get substantial royalties and before the last election legislation was introduced raising it and the amount of gas exported should be limited to 10% - 20% but we must allow for some exports. The gas companies like Nobel are giants and if they think continued investent in Israel is more political trouble than its worth and not economical enough then they will stop drilling here, there are plenty of other gas fields around the world to exploit.

    from the article: The green and the gold of Israel's natural gas policy
    First published 02:34 16.06.13 | Last updated 02:34 16.06.13
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