A Miracle in Israel: New Offshore Gas Field Holds Estimated 16 Trillion Cubic Feet

According to this AP report:

A U.S. energy company predicted last week that Israel will have enough natural gas to export to Europe and Asia from the offshore field it is developing. The Houston, Texas-based Noble Energy said the Leviathan natural gas field may hold up to 16 trillion cubic feet of natural gas. Noble raised estimates for the neighboring Tamar field to 8.4 trillion, a 33 percent increase. The production is expected to start in 2012.

Hope it is true. IMHO, The world treats countries with oil and gas better than those without...