Boltlady
Governor
There are plenty of articles about this stuff but it doesn't get talked about, It just might be that the Palestinians got tired of hoping that it would get fairly resolved. Granted , there is NO justification for the ferocity of Hamas but one has to wonder if it adds to the resolve of the Israelis to flatten Gaza. With all of the fighting going on it does seem strange that this doesn't get brought up. I will post an excerpt but of course there's more to this article.
The unrealized potential of Palestinian oil and gas reserves
28 August 2019
Oil and natural gas resources in the occupied Palestinian territory could generate hundreds of billions of dollars for development.
Geologists and resources economists have confirmed that the occupied Palestinian territory (oPt) lies above sizeable reservoirs of oil and natural gas wealth, in Area C of the West Bank and the Mediterranean coast off the Gaza Strip, according to a recent UNCTAD study.
New discoveries of natural gas in the Levant Basin are in the range of 122 trillion cubic foot while recoverable oil is estimated at 1.7 billion barrels, according to the study entitled “The Economic Cost of Occupation for the Palestinian People: The Unrealized Oil and Natural Gas Potential.”
This offers an opportunity to distribute and share about US$524 billion among the different parties in the region and promote peace and cooperation among old belligerents, the study notes.
Palestinian oil and gas
These funds could finance socioeconomic development in the oPt as part of the United Nations 2030 Agenda for Sustainable Development.
However, so far the Palestinian people have been prohibited from exploiting the oil and gas reserves in their own land and water to meet their energy needs and generate fiscal and export revenues.
This increases both the opportunity costs and the total costs borne by the Palestinian people as a result of occupation, the study states.
unctad.org
The unrealized potential of Palestinian oil and gas reserves
28 August 2019
Oil and natural gas resources in the occupied Palestinian territory could generate hundreds of billions of dollars for development.
Geologists and resources economists have confirmed that the occupied Palestinian territory (oPt) lies above sizeable reservoirs of oil and natural gas wealth, in Area C of the West Bank and the Mediterranean coast off the Gaza Strip, according to a recent UNCTAD study.
New discoveries of natural gas in the Levant Basin are in the range of 122 trillion cubic foot while recoverable oil is estimated at 1.7 billion barrels, according to the study entitled “The Economic Cost of Occupation for the Palestinian People: The Unrealized Oil and Natural Gas Potential.”
This offers an opportunity to distribute and share about US$524 billion among the different parties in the region and promote peace and cooperation among old belligerents, the study notes.
Palestinian oil and gas
These funds could finance socioeconomic development in the oPt as part of the United Nations 2030 Agenda for Sustainable Development.
However, so far the Palestinian people have been prohibited from exploiting the oil and gas reserves in their own land and water to meet their energy needs and generate fiscal and export revenues.
This increases both the opportunity costs and the total costs borne by the Palestinian people as a result of occupation, the study states.
The unrealized potential of Palestinian oil and gas reserves
Geologists and resources economists have confirmed that the occupied Palestinian territory (oPt) lies above sizeable reservoirs of oil and natural gas wealth, in Area C of the West Bank and the Mediterranean coast off the Gaza Strip, according to