The Two Seas Canal (colloquially known as the Dead–Red Canal) is a proposed canal which would run from the Red Sea to the Dead Sea and provide electricity and potable water to Jordan, Israel and the Palestinian Authority. This proposal has a major role in plans for economic cooperation between Israelis, Jordanians and Palestinians, through the Peace Valley. On May 9, 2005 Jordan, Israel and the Palestinian Authority signed an agreement to go ahead with a feasibility study for the Two Seas Canal. The agreement was signed on the Dead Sea by Jordanian Water Minister Raed Abu Soud, Israeli Infrastructure Minister Binyamin Ben-Eliezer and Palestinian Planning Minister Ghassan al-Khatib. The proposed canal would siphon seawater 230 meters uphill from the Red Sea's Gulf of Aqaba in Jordan and then run down into the Dead Sea, which lies about 420 m below sea level A shorter route running from the Mediterranean Sea has been proposed in Israel in the past, but was discarded due to high investment costs of the needed long tunnel. With Oil Reserves being depleted and when the price for a Burrel of oil will exceed $150 and start rapidly approaching $ 200 per burrel the costs for the canal from Mediterranean Sea to Dead Sea will be economically justifiable.
UN agency warns school may be delayed for Palestinian refugees due to lack of funding (AP)
from the article: Japan relying on Mideast oil will be gloomy outcome for Israel