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June 6, 2012

Can We Survive the New Golden Age of Oil?

Steve LeVine, Foreign Policy

AP Photo

Just months after an enormous discovery of natural gas off the coast of Israel, a local company has reported another potentially big strike -- an estimated 1.4 billion barrels of oil, in addition to more natural gas. The company, Israel Opportunity Energy Resources, says it will start drilling by the end of the year. All of a sudden, Israel has found itself a focus of the world's hydrocarbon interest.

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TAGGED: Climate Change, oil, energy, global economy

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