I doubt that the greatest oil field in the world will be found in Israel as the
late Hayseed Stephens proclaimed.  It does not fit with anything I see
described in End Times prophecy prior to the Millennium.  Instead of this kind
of huge blessing for Israel (and indirectly for America), I see things getting
worse, not better, for Israel until the Messiah comes, including a great final
war with the Arabs (http://www.escapeallthesethings.com/damascus-israel-isaiah-nuke.htm).
 However, in the Millennium I think they may very well find plenty of oil (if
we still use it then, instead of hydrogen or solar, or free energy, etc.)

One thing that I'm sure of, there will not be an invasion by Russia over Israeli
oil to fulfill Ezekiel 38 & 39 before the tribulation as Hayseed said (and
the Prophecy Club still says).  I plan to post an article on my site explaining
my thoughts on Ezekiel 38 & 39 soon...
Tim McHyde
http://www.EscapeAllTheseThings.com
Sharing the Plainterpretation of Bible Prophecy since 2000