The rally at Ratio is thanks to the company's 15% stake in a giant offshore gas field called Leviathan, operated by Houston-based Noble Energy Inc.ya know, the iranians and the ruskies have been yakkin' 'bout an "opec-like" natural gas cartel. bahrain has said, shit, buds, we're in! ben doin' it for awhile now, if i recall.
On Wednesday, the frenzy got fresh fuel: Noble confirmed its earlier estimates that the field contains 16 trillion cubic feet of gas—making it the world's biggest deepwater gas find in a decade, with enough reserves to supply Israel's gas needs for 100 years.
It's still early days, and getting all that gas out of the seabed may be more difficult than it seems today. But Noble and its partners think the field could hold enough gas to transform Israel, a country precariously dependent on others for energy, into a net-energy exporter.
welly, welly, well, then. how's 'bout a new partner, neighbours? can you imagine israel teaming up with iran and the russians on an opec-like global gas cartel?
we can put aside our rancid, racist, irrational bigotry, informing the brunt of our world view, to team up in a cooperative effort to control global gas supplies, screw the world, and make a fucking fortune doing it.
sounds like it could be the beginning of a beautiful friendship.