We are living in exciting times. The Signposts point to Jesus soon return.

Wednesday, October 1, 2014

The Economic Miracle of Israel's Natural Gas Fields

Prophecy Sign:  Israel will be blessed with new found riches in the last days

It must be the last days, because God is now pouring out his blessings to a restored Israel from the hidden treasures that have been stored away for a time such as this.

I will give you hidden treasures, riches stored in secret places, so that you may know that I am the LORD, the God of Israel, who summons you by name. Isaiah 45:3 NIV

The Economic Miracle of Israel's Natural Gas Fields
Thirty-five trillion cubic feet of gas worth some USD $500 billion has been found in Israel’s “economic waters,” with the Leviathan field being by far the largest. To give some kind of reference point, Israel’s national expenditures for 2013 totaled USD $114 billion. More importantly than covering the national budget is the fact that, for the first time in history, Israel has the opportunity to become energy-independent, as well as a major exporter of natural gas. Theoretically, these natural gas reserves have the potential to transform Israel’s economy. Indeed, experts say that this gas alone can shave 25 percent off Israel’s annual national budget for the next 25 years.
A find of such epic proportions should elicit great excitement. Instead, it is buried beneath political apprehension and narrow financial interests. Ever since the Leviathan discovery, Turkey and Lebanon have challenged Israel’s right to the reserves. Threats emanating from both countries have forced Israel to spend upwards of USD $1.3 billion to secure its claims. This diplomatic tension could be one reason the Israeli government has curbed its enthusiasm over the find.

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