Will Israel Become an Oil Giant?
EXTRACTS FROM ARTICLE PUBLISHED 23 July 2013 BY THEWORLDPOST
Dr. Harold Vinegar
A tectonic shift is taking place in the global energy market: The rise of alternative sources of petroleum known as “unconventionals.” These hydrocarbons are derived from sources that would once have been technologically impossible to reach or exploit in a cost-effective manner. But technology is starting to overcome these difficulties, and it increasingly looks like the future of energy will be unconventional. And Israel may hold the key to one crucial part of it.
This is because one visionary Israeli company, Israel Energy Initiatives (IEI), is developing a unique technology that could unlock hundreds of billions of barrels of unconventional oil around the world. Called “oil shale,” these hydrocarbons exists in rock form and must be converted to liquid before being pumped out. IEI is trying to seize the opportunity presented by oil shale. And it has one of the most capable figures in the global energy industry to lead the charge: IEI’s chief scientist, Harold Vinegar. Vinegar is a giant in the world of energy extraction and production. For 32 years, he worked for Royal Dutch Shell, and is the world’s leading expert on oil shale.
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