A preliminary geological survey has indicated that there might be about 26 million barrels of recoverable oil a mile under the sand near two kibbutzim in the northern Negev. That would amount to about $2 billion at current prices. There might be 12 million additional barrels further down.
via Israel as Fossil-Fuel Giant: How Many Ways Could This Change the Game? - By Judith Levy - The Corner - National Review Online.
