Tuesday, June 5, 2012

Prophetic implications of Israel's latest gas/oil find

ANOTHER major oil find in Israel was announced Sunday. I wrote about it briefly here. Now in this blog entry, I am giving more information.

There is an old joke that Moses took the wrong turn from Egypt, leading Israel to sand and leaving oil for the Arabs. Haven't you ever wondered why the same geology that yields so much oil in Saudi Arabia and Iran and Iraq yields none in Israel? I have. However, the recent discoveries of oil and gas listed below have made that bad joke outdated. Israel produces 4,000 barrels per day, but has a 250,000 barrel per day demand. Therefore they must import, relying on ever-increasingly hostile neighbors and ever more vulnerable pipelines. It appears that reliance will no longer be necessary. I am sure Israel's enemies will not be happy to contemplate her ever-growing fuel independence.

For decades, scholars and bible students have wondered what "spoil" could the Gog-Magog alliance possibly want. Israel feeds Europe with her fruit, growing oranges and figs and other fruits that are widely exported. I cannot imagine a war fought over figs, however. The verse in Ezekiel 38 says "A great spoil." Hmmm.

"Thus says the Lord GOD: On that day,  thoughts will come into your mind, and you will devise an evil scheme and say, 'I will go up against  the land of unwalled villages. I will fall upon  the quiet people who dwell securely, all of them dwelling without walls, and having no bars or gates,' to seize spoil and carry off plunder, to turn your hand against the waste places that are now inhabited, and the people who were gathered from the nations, who have acquired livestock and goods, who dwell at the center of the earth. Sheba and Dedan and the merchants of Tarshish and all its leaders will say to you, 'Have you come to seize spoil? Have you assembled your hosts to carry off plunder, to carry away silver and gold, to take away livestock and goods, to seize great spoil?'" (Ez 38:10-13) [emphasis mine.]

What could the great spoil be? Until now, Israel has not shown much yield in anything except what she herself can coax from the ground with hard-won irrigation and sweaty toil. And Russia is the oil monster, with an output that until recently was prodigious. "Was" being the key word.

Jan 2009:
Israel Discovers Gas!
Israel’s Delek fuel company has discovered a huge deposit of natural gas west of Haifa that could change the face of Israel’s economy.

Dec 2009:
Israeli company finds oil beneath Rosh Ha'ayin 
Givot Olam Oil Exploration Limited Partnership said that more than 60 percent gas was measured in the drill, indicating the first such find in Israel.

Dec 2010:
Gas Field Confirmed Off Coast of Israel
Exploratory drilling off Israel’s northern coast this week has confirmed the existence of a major natural gas field — one of the world’s largest offshore gas finds of the past decade — leading the country’s infrastructure minister to call it “the most important energy news since the founding of the state.”

Aug 2010:
Leviathan Oil Field Could Sustain Israel For Decades 
All big oil and gas fields have geopolitical significance, but we haven’t seen a big oil find in recent years that could matter more than the Leviathan field in the Mediterranean Sea off of Israel. 4.3 bn barrels.

March 2011
Oil shale reserves can turn Israel into major world producer
THE JOKE has been told by generations of Jews, most famously Golda Meir, the former prime minister of Israel: 'Why did Moses lead us to the one place in the Middle East without oil?' ... According to Dr Vinegar, Israel has the second-biggest oil shale deposits in the world, outside the US: "We estimate that there is the equivalent of 250 billion barrels of oil here. To put that in context, there are proven reserves of 260 billion barrels of oil in Saudi Arabia."

Nov 2011
Russia output dropping
"Lukoil, which accounts for 15 percent of Russia’s 30-stock Micex index, extended its weekly decline to 6.6 percent after reporting third-quarter results that included a 2 percent drop in gas output and a 21 percent slide in net income. Oil production declined as flows from some wells in Western Siberia abated and falling demand from customers cut gas production, the Moscow-based company said in a Nov. 25 regulatory filing."

Feb 2012
Another Gas Discovery for Delek, Noble Energy!
Noble Energy and the Delek Group announced on Sunday another significant discovery of a natural gas field off the coast of Haifa.The field, located in the Mediterranean waters 120 kilometers (74.5 miles) northwest of Israel's northern port city, reportedly totals about 1.2 to 1.3 trillion cubic feet.

May 2012:
Forbes: Is Russian oil output plummeting?
"According to a recent Bloomberg story Saudi Arabia displaced Russia as the world’s largest oil producer, producing just about three thousand barrels a day more in March of 2012"

June 2012:
Israel discovers more offshore oil and gas
An Israeli company announced the discovery of another sizable offshore oil and gas field on Sunday.Israel Opportunity Energy Resources LP estimated the newest field at about 1.4 billion barrels of oil and 6.7 trillion cubic feet of natural gas."The quantity of gas discovered in the licenses -- and the high probabilities -- make it the third largest off-shore discovery to date," chairman Ronny Halman told Globes.

You see how this is going. You see that the "old joke" about Moses leading the Jews to the one place in the Middle East that doesn't have oil is actually by this point kind of a blaspheme. God said He would provide for His people and He IS providing for His people. Furthermore, it demonstrates once again how perfect the LORD'S word is, how precise.

I watch with eager wonder and with bated breath as to what will be the tipping point for the Gog Magog prophecy to come true. When will Russia, Iran, Turkey et al get tired of holding back and pounce? At this oil discovery? The next? It can't be long now...we see prophesies of Egypt in Isaiah 19 coming to pass and the prophesies of Isaiah 17 regarding Syria ready to come to pass. It is like a drawstring purse, the strings pulling the open neck ever closer, a closing which will end up being a noose around the necks of Israel's enemies. How much more to go until the prophetic foundations are laid? God in His timing knows, but to me, this puny human, it seems ready today.

1 comment:

  1. Hi Elizabeth. Tonight I feel like praising the Lord for his goodness so I will share with you and your readers just one example of his tender loving care to my family.

    May 23rd. Mirian, my wife, went to have laser surgery on both her eyes for Myopia and onset of glaucoma. In the morning before she left, I prayed, "Lord supervise the operation!". I have never used those words in prayer before.

    He did just that. She was the last of 20 patients. At the end of the procedure, as she got up from the chair, the power went out. We have a faithful God who loves us and takes care of his faithful children. We thank you and praise you, Lord for your manifold grace and providential intervention in our lives.

    Not only that but we have a Heavenly Father who knows and understands our smallest needs and works out everything so that we his children will know what kind of love is his. He is into the details.

    The same morning after we had reviewed the list of all the things my wife needed to do and have before she left for the surgery, I said good-bye and wished her well. As I was closing our door, I thought (the Holy Spirit reminded me) that she needed money for lunch. I ran into the bedroom and got 12 reais, all I had left in my wallet and ran out the door to give it to her. Fortunately, the elevator door had not completely closed. She had also forgotten about lunch.

    As it happened, her sister Martha had brought her a sandwich, but she decided that she was going to join the group of other patients for lunch. When the bill came, it was exactly 12 reais...of course!

    Our God will supply all our needs. Thank you Jehovah Jireh. Jean-Louis.

    ReplyDelete

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