Dead Sea Oil

An Israeli company has found some small amounts of oil in the Dead Sea.

Initial tests have found that the site would yield between 100 to 150 barrels daily, said Eli Tannenbaum, geologist for the Ginko oil exploration company. While this is minuscule by global standards - No. 1 producer Saudi Arabia produces 9 million barrels a day - Tannenbaum said there are signs that larger amounts of crude are nearby.

This stuff is everywhere. You just have to have the right market to produce it.

Israel Oil and Energy Posted by AlexC at October 5, 2006 8:26 PM