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Palestinians Say They Struck Oil
By Micah Halpern

Saturday April 21, 2012

I've Been Thinking:

There have been several reports over the past few days that the Palestinian Authority has begun oil exploration in Ramallah.

I have not been able to verify these reports.

I can say that it sounds farfetched.

Even if someone has set up what appears to be a drill site it is highly unlikely that there is any oil in Ramallah - other, of course, than olive oil. World class geologists have combed the region and found no oil.

More importantly, Ramallah is on a mountain range. And oil exploration is extremely risky and very expensive. I do not see any serious oil groups taking that risk in a location that is such an obvious non-starter.

There is a back story and a motivation for the announcements. The Palestinians want to make it appear as if they found something --- something very valuable--- something the Israelis could not find and - this is the most important part - that the oil belongs to the them, the Palestinians, and not to the Israelis.

But it is all still highly unlikely.

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4 June 2017 12:13 PM in Thoughts


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