“Energy Independence” by Nathan Jones
September 30, 2008
The following article by Nathan Jones appeared in The Christ in Prophecy Journal. You can read the original article at: http://www.lamblion.us/2008/09/energy-independence.html.
Other than the economic downturn most of the world is grappling with due to the Sub-Prime Mortgage Crisis, no other topic has been more center stage lately than the energy crisis. Painful fill-ups at the pumps emptying wallets, food shortages ravaging the third world as corn is converted into ethanol, inflation rising as transportation costs are passed onto consumers, and the devaluation of the dollar as the U.S. government mass-prints money to keep up in competitive buying of fuel — all these and many more troubles have befallen the world over the amount of available oil.
“Black Gold,” “Texas Tea,” “Liquid Dinosaur” — the readiness of this substance is the source of troubles in modern world politics. It will also be a huge motivator in the prophetic scenes of Israel overcoming their Arab neighbors (Psalm 83), Russia and Iran trying and failing to seize the Middle East oil fields (Ezekiel 38,39), and the Antichrist’s struggle against Israel to control the Middle East to establish his Revived Roman Empire (Daniel 2,7).
While the world goes ga-ga over oil, Israel instead has been leading the way in becoming energy independent. With no known oil of their own, Israel knows that currently they are totally dependent on the millions of hostile Arabs intent on destroying them. If it wasn’t for God and the greed of OPEC being greater than their Islamic conviction to utterly remove Israel from the face of the earth, Israel would have been reduced to an agrarian society and destroyed by now.
Companies like Zion Oil and Gas, Inc., via The Joseph Project have been vigorously drilling for that questionable Israeli oil, believing the Bible supports that Israel is sitting on trillions of dollars underground. They base their search on Genesis 49:25-26; Deuteronomy 32:24; Deuteronomy 33:24; and Job 29:6. These verses speak of “blessings of the deep that lies below” and “oil from the flinty crag” and “let him bathe his feet in oil” and “the rock poured out for me streams of olive oil.”
Whether oil is under Israel or not, where Israel’s true search for energy independence lies is in its brilliant innovations in alternative energy sources like solar and battery power. Israeli scientists have released revolutionary second generation solar cells that are light years ahead of current installs. Israel is also looking to be the first country by 2020 to have eliminated all gas-powered cars with battery-powered cars. Because of Israel’s small size, driving distances are well within the current 124 mile battery limit. Israel is motivated to be totally energy independent because it knows it is in a race to survive.
The United States and EU, instead of selling out Israel to appease oil-rich Arab countries to keep the supply of oil running, should instead be partnering with Israel in their breakthrough advancements in energy. The United States could indeed be not just energy independent by following Israel’s lead and partnering with them, but also become major suppliers of energy to the world and eliminate the woefully unbalanced trade deficit.
Unfortunately, as end-time players are nearly ready to fulfill their prophetic roles and fall all over themselves to get Middle East oil, the day the world is free of oil tyranny with energy independence may well have to wait till Jesus is on the throne during His Millennial Kingdom. Pity our short-sightedness and greed.
I’ve Got Voices in My Head
September 25, 2008
“The mind of the sinful man is death, but the mind controlled by the Spirit is life and peace.” (Romans 8:6) That sounds a little off, doesn’t it? When someone says he’s got voices in his head we want to fit him for a jacket with straps on the sleeves and buckles in the back. It’s [...]Zion Oil & Gas Appoints New Board Member
September 22, 2008
Dear Shareholder and/or Friend of Zion,
We have recently appointed our Chief Financial Officer and Executive Vice President, Martin Van Brauman, to our Board of Directors. As you can read in the Press Release below, Martin has impressive qualifications and experience. Zion is lucky to have such a high caliber individual.
Sincerely yours
John Brown Chairman of the Board and Founder
Zion Oil & Gas Appoints New Board Member
Wednesday August 13, 11:53 am ET
DALLAS–Zion Oil & Gas, Inc. (Amex: ZN - News), of Dallas, Texas and Caesarea, Israel, announced today that Mr. Martin Van Brauman has been elected as a Director of Zion Oil & Gas, Inc. Mr. Van Brauman is currently Senior Vice-President and Chief Financial Officer of Zion.
Mr. Van Brauman holds a B.E. degree from Vanderbilt University, a Doctor of Jurisprudence degree from St. Mary’s University and an M.B.A. and LL.M. (Tax Law), from Southern Methodist University. Mr. Van Brauman has over 22 years of experience in corporate tax and accounting analysis and is Board Certified in Tax Law by the Texas Board of Legal Specialization. In addition to working as a tax partner in several private law firms, Mr. Van Brauman spent 12 years as a Senior Attorney (International Specialist and Petroleum Industry Specialist) with the Office of Chief Counsel, IRS, following which he spent three years as a tax consultant with the global accounting firms of Deloitte & Touche and Grant Thornton.
Mr. John Brown, Chairman of the Board and Founder, said that the appointment of Mr. Van Brauman as a Director of the Company strengthens Zion’s Board and that he looks forward to Mr. Van Brauman’s future contribution to the company.
Zion Oil & Gas, Inc., a Delaware corporation, explores for oil and gas in Israel in areas located onshore between Tel-Aviv and Haifa. It currently holds two petroleum exploration licenses, the Joseph and Asher-Menashe Licenses, between Netanya on the south and Haifa on the north covering a total of approximately 162,000 acres.
Zion Oil & Gas Public Offering Update
September 22, 2008
“With faith there are no questions.
Without faith, there are no answers.”
Dear Zion Shareholder and/or Friend of Zion
We are extending the initial 90 day period for our public offering of $10 units. The extension gives us an additional 60 days (until October 11th, 2008) to sell the minimum subscriptions required of 325,000 units at $10 each (= $3,250,000). If we don’t reach the minimum by October 11th, then we will have to close our offering and return to every subscriber the subscription amounts that we will then have in the escrow account.
We have almost everything we need to drill our next two wells in Israel, but we need money to pay for importing the drilling rig from Turkey and the daily drilling costs. Since we began planning our next well, the US dollar has fallen 25% in value against international currencies, while associated oil industry costs have risen by 50% to 100%.
For example, when we drilled our first well, the Ma’anit #1, the contractor’s daily rate was $14,000. For our next planned well, the Ma’anit-Rehoboth #2, the daily rate will be $28,500 per day (and that is considered to be a very good price in a market that can charge up to $40,000 for a similar drilling rig).
The current economic downturn has hurt many and prevented us from reaching the minimum in the initial 90 days of our public offering, but we sincerely believe that the Joseph Project will be a financial blessing to those who have the vision and faith to support it. (Ruth 2:12)
If you do not have money to invest then I pray that G-d will send it to you. But if you do have the funds, perhaps this is the intended use for them. (Esther 4:14)
Please consider what number of $10 units you want to take. The minimum is 100 units but we hope you will want to take more. 500 units at $10 each is $5,000 and, if we are successful, this may be the best money you ever invested… and you will be blessed… (Genesis 12:1-3)
Please give this message your serious consideration; Zion depends on your support and without your prayers and financial support, we may not be able complete our work in Israel. (Numbers 10:32)
Shalom
John Brown
(Hosea 12:10)
NOTICE:
This communication shall not constitute an offer to sell or the solicitation of an offer to buy Units of Zion’s securities, which may only be by prospectus, nor shall there be any sale of the Units in any state or country in which such offer, solicitation or sale would be unlawful prior to the registration, qualification or exemption under the securities laws of any such state or country.
FORWARD LOOKING STATEMENTS: Statements in this communication that are not historical fact, including statements regarding the closing of the offering, the timing and results thereof, Zion’s planned operations, potential results thereof and potential effects of those results on the market for Zion’s securities and returns on investments in those securities, are forward-looking statements as defined in the “Safe Harbor” provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on assumptions that are subject to significant known and unknown risks, uncertainties and other unpredictable factors, many of which are described in Zion’s Prospectus and its periodic reports filed with the SEC and are beyond Zion’s control. These risks could cause Zion’s actual performance to differ materially from the results predicted by these forward-looking statements. Zion can give no assurance that the expectations reflected in these statements will prove to be correct and assumes no responsibility to update these statements.
Zion Oil & Gas, Inc. has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about Zion Oil & Gas and its offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, Zion Oil & Gas or its underwriter will arrange to send you the prospectus if you request it by calling toll free 1-888-TX1-ZION (1-888-891-9466). Direct links to the SEC location, or to the documents in PDF, may be found on the home page of Zion Oil & Gas. Inc., at www.zionoil.com.
Quick Links…
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Our Website: www.zionoil.com
Contact Information
Zion Oil & Gas Inc
Phone: 1-888-891-9466
Fax: 214-221-6510
Email Address: dallas@zionoil.com
Website: www.zionoil.com
Purpose Weekly Back to Basics
September 21, 2008
Sticking to My Knitting “The man who plants and the man who waters have one purpose, and each will be rewarded according to his own labor.” (I Corinthians 3:8) This letter, ‘Purpose Weekly,’ is about uncovering and living out the purpose God has intended for our lives. Each of us has a purpose, a reason for his [...]“A Biblical Treasure Hunt” by Philip Mandelker
September 11, 2008
“A Biblical Treasure Hunt” by Philip Mandelker
PDF (695 KB)
“Biblical Study of Jacob’s Blessing” by Dr. Roger Luther
September 11, 2008
“Biblical Study of Jacob’s Blessing” by Dr. Roger Luther
Does Israel Have Oil? Wrong Question.
September 10, 2008
Does Israel really have oil? That seems to be the question everyone’s asking. Maybe it’s the wrong question. Turn’s out, Exxon and Shell have known about Israel’s oil for nearly ten years. Here’s a clipping from The Jerusalem Post, March 5, 1999. I’ll copy the text here since the clipping is a little hard to read (click on the clipping for a cleaner version).
ISRAEL IS OIL-RICH, EXPLORATION-POOR
Sir-
As a geologist and managing director of various oil exploration companies in Israel over the past 20 years, I was quoted in several paragraphs of Michael Arnold’s article “Slippery dreams” (January 22). I would like to amend and add certain facts as follows:
The oil potential of Israel was evaluated twice at the request of the Israeli government. In 1962, Lewis Weeks, the former chief geologist at Exxon, determined that “the potential ultimate oil resources of Israel should be of the order of 500 to 2,000 million barrels from primary recovery… The figures do not include gas… which may equal 50% and upwards of that of the oil.”
In 1979, James Wilson, former chief geologist or Shell (US) determined that on-shore Israel (the off-shore and the Dead Sea Rift Valley were not included) has a potential of330 to 2,000 million barrels of recoverable oil.
Both these experts have been president of the American Association of Petroleum Geologists.
Since the Wilson evaluation in 1979, extensive data have been accumulated relating to on-shore and off-shore Israel. From this data, it becomes clear that the total may exceed 2,000 million barrels.
Israel’s per annum consumption amounts to about 70 million barrels.
The 1962 evaluation predicted that “the finding and recovery of this oil and gas may require many decades” -and evidently assumed that such efforts would be made. Unfortunately, this has not been the case.
It is most likely that this failing is one of the main reasons why the forecast potential has not yet been discovered.
YOSSI LANGOTSKY
Herzliya
2,000 million barrels? That’s 2 billion barrels. That’s Exxon and Shell saying it. So the question isn’t “does Israel have any oil?” The question is, “If the big boys have known about this for so long, why haven’t they done anything about it?” The answer, unfortunately, is pretty easy. They’ve got larger, established assets in the Arab world and the Arab world has told them, “If you do business with Israel, don’t bother doing business here.” That’s what the 1973 oil embargo was all about.
What’s Israel’s answer? Keep supporting those who are exploring for the oil they know is there. What can we do about it? Stop wondering if Israel really has any oil. It does. If you want to see it come to the surface, support the exploration already in country. This piece of history will come about, and it won’t be long until it does. Those involved in that effort are destined to be written in to the story of Israel’s future.
Israel Strikes Oil
September 10, 2008
(Prophecy Today Archive October 13, 2006) Story by Shofar Communications Jerusalem Bureau Chief Ed Horner; Photos by Allison Horner. Article courtesy of Prophecy Today. The original article can be viewed at http://jimmydeyoung.gospelcom.net/pp/israelifront/2006_10_13_archive.html. Surrounded by the richest oil countries in the world, many would wonder why Israel has never found oil. Now they have. Ginko Oil Exploration, led by Dr. Eli Tannenbaum, has located a potentially large oil field in the Dead Sea region of Israel.
The Dead Sea, near a large oil deposit |
Dr. Tannembaum and other specialists on site |
An exploration oil rig |
One step in the process of oil extraction |
Ed speaks with Dr. Tannenbaum
|
Ed speaks with Ginko Exploration’s Site Supervisor |
Here is Israel’s future oil field |
Lead Geologist, Dr. Eli Tannenbaum |
The flow of oil must be carefully monitored |
A head on oil well |
The oil is just flowing from this dig |
Oil being extracted |
A Dead Sea Oil Discovery in Jordan?
September 9, 2008
Seems like we can’t get enough Dead Sea oil discovery news lately. Just today The Jordan Times ran an article apparently confirming the existence of a Dead Sea oil discovery on their side of the salt lake.
According to The Jordan Times:
After years of disappointment, many came to accept that the Kingdom is home to little or no oil reserves.
But with recent claims of the possibility of Jordanian oil, and a parliamentary committee examining the issue, the subject has been elevated to a national discourse steeped in controversy and unanswered questions.
The issue dates back to 1996, when the Natural Resources Authority (NRA) signed a Production Sharing Agreement (PSA) with US company Trans-Global to explore for oil in the Dead Sea area….
Over the next few years, the firm dug four wells at Isaal and Wadi Mujib, some thousands of metres deep, in hope that the rift valley would yield any positive results.
According to the company, logging data and technical studies of the wells revealed huge oil traps of hydrocarbons with significant commercial potential and large oil pays, the solid technical indicators of a major oil discovery.
On August 15, 2005, as per the PSA, the company said it officially informed the NRA of its discovery, but the authority declined to review the studies, according to Trans-Global, which felt there was little interest on the part of the NRA administration to follow through.
“This is the exact opposite of how any petroleum ministry in the world would respond to the discovery of oil,” Trans-Global General Manager Nazeeh Abraham told The Jordan Times.
“We claimed a significant oil discovery, and instead of developing it they denied it. We then faced obstructions every step on the way, preventing us from starting a large accelerated drilling development programme,” he added.
Frustrated with the lack of interest from the authority, Trans-Global announced the discovery during the 9th International Geological Conference of the Jordanian Geologists Association in Amman in April last year.
The announcement created an uproar and came as a shock to the NRA.
“They went public without ever informing us, which is a breach of the PSA. We were only told of a technical discovery, which doesn’t mean much in the oil business,” NRA Director Maher Hijazin told The Jordan Times.
“We have all the documents to prove that there is no discovery,” he stressed.
Industry experts
Although the announcement was shocking to many, it came as no surprise to Jordanian Geologists Association (JGA) President Khaled Shawabkeh.
He claimed that the NRA drilled at least five wells in the area in the 1990s, and found oil in different quantities, although their commercial viability was not verified.
Lack of support and technical difficulties brought on by the area’s topography prevented the authority from any further exploration, and the subject was shelved, he said.
“In my view, Trans-Global has made an oil discovery. The quantity and commercial quality of this discovery should now be explored,” the JGA president stressed.
Weatherford, Reeves Logging Ltd., one of 14 third-party companies that performed assessment studies for Trans-Global on the Isaal and Wadi Mujib wells, said it could not confirm or deny the existence of oil in the area, as their only purpose was to log data, not analyse it.
Another industry source, however, told The Jordan Times that the independent third-party studies pointed to “a strong possibility” of commercially viable oil in the Dead Sea area.
You can read the full article by clicking here
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