The New Mediterranean Oil & Gas Bonanza: Part II

Rising Energy Tensions in the Aegean—Greece, Turkey, Cyprus, Syria By William Engdahl The discovery in late 2010 of the huge natural gas bonanza off Israel’s Mediterranean shores triggered other neighboring countries to look more closely at their own waters. The results revealed that the entire eastern Mediterranean is swimming in huge untapped oil and gas […]

The New Mediterranean Oil & Gas Bonanza

Part I: Israel’s Levant Basin—a new geopolitical curse? By William Engdahl Recent discoveries of not just significant, but huge oil and gas reserves in the little-explored Mediterranean Sea between Greece, Turkey, Cyprus, Israel, Syria and Lebanon suggest that the region could become literally a “new Persian Gulf” in terms of oil and gas riches. As […]