The Gift of Natural Gas

Discovering gas in the sea was the best thing that could have happened here. It is a lifeline for Israeli industry.

It suddenly transpires that natural gas from the sea is the major component in the economy's growth. Suddenly the Bank of Israel has announced that one quarter (!) of the growth in the coming year will stem from the gas. That is to say, had the wicked Yitzhak Tshuva not found gas in the Mediterranean, the economy would have grown by a mere 2.8 percent, which is on the border of a slowdown. But now, with the gas,...