Scam Or Sham or...?Israeli Experts Believe There May Be a Major Oil Source in the Dead Sea Area ~ Bible Prophecy Today

Part of the Problem with Prophecy is prophets.....,

We all like sensationalizing a great story. We re-tell the glory days of the Hail Mary Football pass and it gets longer and bigger the more we tell it.

Blogs are like that...., the more you read, the more you believe, like Television, UNLESS you do your homework.

The Bible Says PROVE ALL THINGS, Hold fast that which is good.

Every few years the Israeli Oil Story comes up and gets bigger each time.

Did you know they have found oil since 1964...., and over and over again, someone gets an urge to run the Israeli Black Gold fever line, which in better times was used to bilk millions to get the first exploration sites going.....Anyone Still have THOSE stocks? LOL

Refineries, the keystone to oil drilling is posted here. Some of the Propaganda from earlier "finds" etc are here, but a simple Google will give you all the sites...., Also look at the age of a Web site when "buying" into the hype of Oil Sell....,

As we get to the end of the age, people will say LOOK here is Messiah, or LOOK there is Messiah, but that can also be rendered, LOOK AT THIS it is ANNOINTED, LOOK AT THAT it is ANNOINTED.

If you aren't willing to LOOK at SOURCES and SCRIPTURES I suppose Making Olive Oil out of Olive Trees in Israel for Synthetic fuel will be a good idea and seem prophetic.....AND I JUST MADE THAT UP.

Be wise, we wary, your adversary the devil roams around seeking whom he can mislead or deceive even just a little....just enough....just to make you take your eyes of Jesus at just the wrong moment.

The Choice is yours, mine I just laughed and deleted it.

God made me go back and research to repost for those who won't at the very least....google it.

Michael James Stone

Israeli Experts Believe There May Be a Major Oil Source in the Dead Sea Area ~ Bible Prophecy Today

Oil in Israel Scam, Take 2

Posted on: September 29, 2005 11:18 AM, by Ed Brayton

Bartholemew has a typically thorough article about Zion Oil and Gas and their investment scam trying to find oil in Israel. The Worldnutdaily has been pimping this company for months, including having their writer Hal Lindsey write articles encouraging people to invest in it without revealing that his family had a major financial stake in the project. And as Bartholemew points out, this is merely the recycling of an old scam. And they're always thisclose to finding the oil, if only they had more money. These are the Ron Wyatt's of the oil industry.

Ocean Oil & Gas Company London Complaints - Scam offer

Review all Ocean Oil & Gas Company London complaints

Ocean Oil & Gas Company London

Posted: 2009-04-01 by israel

Scam offer Complaint Rating: Company information: israel Ghana tetteyis@yahoo.com I had received offer from OCEAN OIL & GAS COMPANY LONDON on dated 27-03-09 pls confirm this offer is corrected or scam/fraud...

Zion Oil & Gas: We may have a discovery (Drilling for oil in Israel)
UPI ^ | March 23 | LEAH KRAUSS

Posted on Sun Mar 26 2006 08:00:58 GMT-0700 (Pacific Daylight Time) by saganite

BINYAMINA, Israel, March 23 (UPI) -- Zion Oil & Gas, a company on a "Biblical Treasure Hunt" for oil in Israel, may have proven wrong everyone who scoffed at the idea of black gold in the Holy Land.

"We have what appears to be a discovery of both oil and gas in a number of different zones," Zion said on its updated Web site.

There are a number of indicators that point to a discovery, Zion said. These include: "Increased penetration rates while drilling ... with natural gas shows on the gas chromatograph, which measures natural gas components; microscopic oil and gas stains on sample rock cuttings during drilling; asphaltic rock cuttings that burn when lit with a match; gas bubbles and oil stains on the mud pit while drilling; pockets of gas that ignited and flared for several minutes at different times when the well was being swabbed; and a skim of oil in sample jars taken from fluids being swabbed," according to the company Web site.

The company has filed with the U.S. Securities and Exchange Commission for an initial public offering, and its application for listing on the American Stock Exchange is being reviewed.

The company plans to sell the common stock for $7 per share, with a minimum of 350,000 shares, for a total worth of $2.45 million. The maximum number of shares, 2 million, would place the company's value at $14 million, according to Zion's updated Web site.

There will be a 100-share minimum purchase per subscriber, the company said, and Zion expects the IPO to commence in late April or early May.

Zion began drilling for oil in April 2005, on a site near Kibbutz Ma'anit that it licensed from the Israeli government. Ma'anit is near the city of Hadera in central Israel, northeast of Tel Aviv.

Drilling stopped on July 14, 2005, Zion said. Continuing the drilling process could have risked "a total loss of the well," the company said.

However, the process began much earlier than 2005 for the company's founder and chief executive officer, John M. Brown. During a visit to Israel in 1985, he became inspired by certain passages in the Bible that spoke of oil from the earth and "the treasures of the deep" to search for oil in Israel.

Brown, a born-again Christian, spent the following years consulting with clergy to check his interpretation of the verses, and geologists and oil experts in the United States and Israel to check the scientific feasibility of the project.

Before his divine inspiration, he had no experience in the oil business.

The company was finally incorporated in April 2000, and later re-incorporated in Delaware in July of 2003.

In 2000, the Israeli government awarded Zion the 28,800-acre "Ma'anit Permit" to begin oil exploration activities, the company said. The company won another "preliminary permit with priority rights" in 2001 for a 137,250-acre area under the name "Joseph Permit" -- so called because one of the guiding Bible verses comes among Joseph's blessings for his sons.

In August 2005, the Israeli government granted the company another permit, adjacent to the Ma'anit and Joseph sites. Spanning 121,100 acres, the new areas of the "Asher Permit" -- the son Joseph blessed by saying he would "dip his foot in oil" -- lie to the immediate north and west of the Ma'anit-Joseph license, along the coastal plain and Mount Carmel range to the outskirts of Haifa, the company said.

The areas of the exploration licenses correspond with the company's map of the ancient biblical tribes' territories, with oil exploration starting just below the foot-shaped region Asher controlled.

The company said the Asher Permit terminates on March 31, 2007, and is "subject to a work program, with an estimated cost of $325,000."

"(It) requires us to perform geological and geophysical work, including the reprocessing and analysis of existing seismic and geologic data, the acquisition and interpretation of new seismic data, preparation of summary reports and maps and submission of a drilling prospect," according to the Zion Web site.

"Over the past seven months, and in connection with the work program requirements for the Asher Permit and continuing exploration of our license area, we reprocessed approximately 200 kilometers of seismic lines and have used the data to begin detailed mapping of a number of prospect leads," the company continued.

The company plans to announce its next steps during Brown's upcoming visit to Israel in early April.

JERUSALEM, July 7 (Reuters) - Standard & Poor's Maalot said on Tuesday it had lowered its outlook for bonds of Israel's Oil Refineries (ORL.TA) to "negative", citing expectations for continued erosion in the refining industry.

The Israeli S&P unit maintained a rating of "A" for Oil Refineries' bonds, which had been on the agency's CreditWatch "negative" list since April.

"As of March 2009, we have been witnessing significant deterioration in refining revenues, which we believe will place pressure on the company's cash flow for the next 12 months at least," analyst Karl Nietvelt wrote in a report to clients.

He cited an aggressive $1.1 billion investment plan that Oil Refineries plans to implement through debt that will increase its leverage.

Oil refineries, Israel's biggest refinery, is a subsidiary of holding company Israel Corp (ILCO.TA). (Reporting by Joseph Nasr; Editing by Jon Loades-Carter)

© Thomson Reuters 2009 All rights reserved

Israel backs Georgia in Caspian Oil Pipeline Battle with Russia DEBKAfile Exclusive Report October 25, 2008 Georgian tanks and infantry, aided by Israeli military advisers, captured the capital of breakaway South Ossetia, Tskhinvali, early Friday, Aug. 8, bringing the Georgian-Russian conflict over the province to a military climax. Russian prime minister Vladimir Putin threatened a “military response.” Former Soviet Georgia called up its military reserves after Russian warplanes bombed its new positions in the renegade province. In Moscow’s first response to the fall of Tskhinvali, president Dimitry Medvedev ordered the Russian army to prepare for a national emergency after calling the UN Security Council into emergency session early Friday. Reinforcements were rushed to the Russian “peacekeeping force” present in the region to support the separatists. Georgian tanks entered the capital after heavy overnight heavy aerial strikes, in which dozens of people were killed. Lado Gurgenidze, Georgia's prime minister, said on Friday that Georgia will continue its military operation in South Ossetia until a "durable peace" is reached. "As soon as a durable peace takes hold we need to move forward with dialogue and peaceful negotiations." DEBKAfile’s geopolitical experts note that on the surface level, the Russians are backing the separatists of S. Ossetia and neighboring Abkhazia as payback for the strengthening of American influence in tiny Georgia and its 4.5 million inhabitants. However, more immediately, the conflict has been sparked by the race for control over the pipelines carrying oil and gas out of the Caspian region. The Russians may just bear with the pro-US Georgian president Mikhail Saakashvili’s ambition to bring his country into NATO. But they draw a heavy line against his plans and those of Western oil companies, including Israeli firms, to route the oil routes from Azerbaijan and the gas lines from Turkmenistan, which transit Georgia, through Turkey instead of hooking them up to Russian pipelines. Saakashvili need only back away from this plan for Moscow to ditch the two provinces’ revolt against Tbilisi. As long as he sticks to his guns, South Ossetia and Abkhazia will wage separatist wars. DEBKAfile discloses Israel’s interest in the conflict from its exclusive military sources: Jerusalem owns a strong interest in Caspian oil and gas pipelines reach the Turkish terminal port of Ceyhan, rather than the Russian network. Intense negotiations are afoot between Israel Turkey, Georgia, Turkmenistan and Azarbaijan for pipelines to reach Turkey and thence to Israel’s oil terminal at Ashkelon and on to its Red Sea port of Eilat. From there, supertankers can carry the gas and oil to the Far East through the Indian Ocean. Aware of Moscow’s sensitivity on the oil question, Israel offered Russia a stake in the project but was rejected. Last year, the Georgian president commissioned from private Israeli security firms several hundred military advisers, estimated at up to 1,000, to train the Georgian armed forces in commando, air, sea, armored and artillery combat tactics. They also offer instruction on military intelligence and security for the central regime. Tbilisi also purchased weapons, intelligence and electronic warfare systems from Israel. These advisers were undoubtedly deeply involved in the Georgian army’s preparations to conquer the South Ossetian capital Friday. In recent weeks, Moscow has repeatedly demanded that Jerusalem halt its military assistance to Georgia, finally threatening a crisis in bilateral relations. Israel responded by saying that the only assistance rendered Tbilisi was “defensive.” This has not gone down well in the Kremlin. Therefore, as the military crisis intensifies in South Ossetia, Moscow may be expected to punish Israel for its intervention.