Aug 18, 2010

Bible Prophecy Update: 1.5 Billion Barrels of Oil Discovered in Israel

Joel C. RosenbergBy Joel C. Rosenberg

Readers of my non-fiction book Epicenter may recall that Chapter Five predicts this future headline: “ISRAEL DISCOVERS MASSIVE RESERVES OF OIL, GAS.” That chapter is based on prophecies in Deuteronomy that specifically indicate that “oil” and “hidden treasures” under the sea and the sands will be found in Israel in the last days of history. It is also based on the prophecies of Ezekiel 38 & 39 indicating that Israel will be significantly prosperous in the last days, before a Russian-Iranian-Turkish alliance forms against her and seeks to destroy her.

In recent years — and indeed, in recent months — we seem to be seeing this Russian-Iranian-Turkish alliance growing. We also see Israel’s economy growing significantly and remarkable new discoveries of oil and gas.

Consider today’s headline from Ynet to which a friend just alerted me: “1.5 BILLION BARRELS OF OIL DISCOVERED NEAR ROSH HA’AYIN.”


”Could the State of Israel be sitting on an oil reserve that can provide energy, cash flow, and international political influence? This is the question that everyone is waiting to be answered in the engineering report ordered by Givot Olam Oil, overseeing the drilling at the Megged 5 site, next to Rosh Ha’Ayin. The final report will be submitted on September 5. However, a preliminary report was already issued to Tel Aviv Stock Exchange on the oil reserves on the site. ‘The amount of oil in place in the Rosh Ha’Ayin plot is estimated at 1.525 billion barrels of oil.’ In previous reports, the quantity was appraised at only a few hundred barrels of oil a day….”
Consider, too, this Ynet headline today: “Israel’s economy charges ahead; 4.7% growth in Q2: Israel’s economic growth hits 4.7% in second quarter of 2010, leaving behind Euro bloc at 4.1%.”

The article notes that Israel is the fastest growing economy in the West.

All this comes on the heels of Israel's discovery of enormous reserves of natural gas, as I have written about over the past year:

Related Links
1.5 Billion Barrels of Oil Discovered in Israel - Worthy News
Givot Olam: Meged has 1.5b barrels of oil - Ha'aretz
Israel's GDP Growth May Extend Gains for Shekel Against Dollar, ING Says - Bloomberg
Lebanese Parliament to Israel: Not so fast on that gas - Foreign Policy
The Twelfth Imam - Joel C. Rosenberg (Book)