The need to preempt Iran and export gas to Egypt was the reason the government gave to push through its controversial plan for Israel's natural gas. Now, this reason may no longer exist.03:48 31.08.15 | 0 comments
One of your (indirect) neighbors, Mr. T.Boone Pickens, was interviewed on the show during part of the piece when it was disclosed how many investors lost their shirts during previous attempts to exploit the shale oil. Mr. Pickens was quoted saying "well, back in (somewhere between 1967-1972, I'm blanking on the exact year he used), he said that mining the shale wouldn't be profitable unless the price of oil climbed above $5 a barrel. hmmm. It was stated on the show that Mr. Pickens, who currently runs a $5 billion hedge fund has 10% of the fund invested in various projects in the Alberta fields.