Gail (24 Nov 2011)
"Update to my post: Are you gonna be safe Homer?"


In my February 2011 post, I wrote Resources, Resources, Resources, it's the have's verses the have-nots.
The Alignment of Nations in End-Time Prophecy can all be traced back to those resources.
Now the exploitation of those resources leads to war. And what comes from that Mideast War is a Mediator of the European Neighborhood Policy seeking to restore the World's Economy.
New battle over Mediterranean gas
10/01/11
The Middle East has moved north, with the Mediterranean emerging as home to some of the world's richest deposits of energy. And as in the Middle East, rights to resources will be settled less by law than by force, or by the threat of force.
Much of the conflict involves the island nation of Cyprus.  The stretch of sea between Cyprus and Israel is believed to hold hundreds of billions of dollars worth of hydrocarbons - is now a checkerboard of prospective drilling sites that have begun to be exploited by Israeli, Cypriot and American oil and gas companies.

These companies and their three governments have no intractable(unmanageable) conflicts with each other - in fact, they're developing their resources in close co-operation. Neither does Greece, which stands to become a major European hub for these energy finds, and longs to develop resources of its own in Greek waters to the west of Cyprus. According to a study for Economist Conferences, a business unit of The Economist, Greece could eradicate its debt by exploiting its Mediterranean hydrocarbons.

The spoiler in the Greek-Cypriot-Israeli plans to exploit the Mediterranean is Turkey.

Turkey disputes Cyprus's rights to develop what's known as its Exclusive Economic Zone - a designation under the United Nations Law of the Sea that grants offshore rights to signatories of up to 200 nautical miles.

Greece has been entitled to claim an Exclusive Economic Zone in the Mediterranean, but Turkey threatened war if it did so.

As a result, an intimidated Greece - Turkey's million-man army is the Middle East's largest - has refrained from developing its offshore resources, which are believed to include major oil deposits as well as natural gas.

Turkey, meanwhile, has been exploring in Greek waters, and, to everyone's surprise, claimed sovereignty over Gavdos, a tiny Greek island near the major Greek island of Crete and far from the Turkish mainland. Turkish Possession of Gavdos, population 98, would transfer much of Greece's Exclusive Economic Zone to Turkey.

Enter Israel, whose massive energy finds in its own Exclusive Economic Zone made it Greece's answer to Turkish force. Greek leaders instantly recognized that Israel would want to export its gas to European markets through Greece, and that Israel's military is strong enough to give Turkey pause. Quicker than they could say "Eureka!," the Greeks and Israelis began defense talks, culminating in the deployment of a mutual defense pact in September.

The Greeks, meanwhile, have been sufficiently emboldened to announce that they will soon be establishing an Exclusive Economic Zone in the Mediterranean. Even without a formal Greek announcement, however, a de facto Exclusive Economic Zone is in place, as seen in Israel's published map of a proposed Israel to Cyprus to Greece natural gas pipeline. This pipe-line, which follows a route within delineated Greek and Cypriot Exclusive Economic Zones, will carry Israeli and Cypriot gas to Greece(1) and then to markets in Italy(2) and Germany(3).

None of this sits well with Turkey. It is not only seeing its dominance over Greece and the eastern Mediterranean challenged but also its plans to control much of Europe's natural gas supply - before the pipeline through Greece materialized, Turkey saw itself as a gas gateway through which Iranian and Central Asian gas would reach Europe, a position that would have given it leverage in its long-held desire to be accepted in the European Union. Turkish pride at being trumped by Greeks and Israelis is also at stake.

Will Turkey resort to force to obtain what it views as its right? Not likely, assuming an incident doesn't spark an unintended war in the Middle East tinderbox. 

 

Here's the Update:

Israel ups gas field guard, plans exports Nov. 23, 2011

TEL AVIV, Israel, Nov. 23 (UPI) -- Israel is pushing ahead with plans to export its natural gas production from major offshore fields to Greece via Cyprus, defying threats by onetime ally Turkey to use military force to block such moves.

Israel says it has stepped up naval patrols around its largest fields -- Leviathan and Tamar -- in the eastern Mediterranean, which has become an arena of confrontation over the estimated 122 trillion cubic feet of gas the U.S. Geological Survey says lies in the Levant Basin.

Leviathan and Tamar contain at least 24.8 tcf but that estimate is expected to increase.

Israeli Deputy Foreign Minister Danny Ayalon is in Greece for two days of talks on joint exploration of the region's gas fields.

These are believed to extend into the territorial waters of Cyprus 150 miles north of Israel, including the southern sector controlled by Greek Cypriots. They're currently exploring the southernmost of their 12 exploration blocks, which abuts Israel's Leviathan and is seen as an extension of that field.

"We're going to talk about making Greece and Cyprus distribution centers for Israeli gas in Europe, which needs to diversify its sources."

The resource-poor Greek Cypriots, who're aligned with Athens, are reveling in their expected gas boom and are keen to build economic and security relations with Israel, a major military power in the eastern Mediterranean.

From Cyprus, the plan is for another pipeline to Greece, to funnel the gas into the European Union. Both Greece and the Greek Cypriot state are EU members.

These plans are like a red flag to a bull as far as Turkey, whose Islamist-rooted government is pushing hard make it the paramount power in the region.

The discovery of the gas fields and the tensions they've triggered intersect with two of the region's most intractable conflicts, Turkey's age-old rivalry with Greece and the Arab-Israel conflict.

Cyprus lies between the two. 

Ankara has threatened to use force to prevent Israel and Cyprus from developing the rich gas deposits that could transform their economies and turn them into gas exporters.

So the security issue carries as much weight as the economic and could signal a geostrategic realignment in the region.

Some Greek Cypriots have suggested a security alliance with Israel. The issue has largely been discussed behind closed doors but the Israeli air force recently carried out exercises in Cypriot air space.

Meantime, Israel is extending its gas fields.

Houston company Nobel Energy, which discovered Leviathan and Tamar with its leading Israeli partner, Delek Group, in 2009-10, has reported finding 550 billion cubic feet of gas in its Hanna license 68 miles west of Haifa.

The Dolphin 1 well is the group's sixth straight discovery since 1999.

Noble says it has identified 12 additional prospects that likely hold vast amounts of oil as well as natural gas.

 

And what is the World Clammering about in Durban South Africa Nov. 28 to Dec. 9 ?

Manmade CO2 emissions.

 

Natural gas is an abundant and environmentally friendly fuel that’s already revolutionizing key global energy industries such as petrochemicals. And natural gas is a far more viable alternative to oil in the transportation sector than any of the widely hyped alternative energy technologies.

-- Elliott Gue , The Energy Strategist

Image Detail

 

The energy sources that may be important for meeting future demand under carbon dioxide emissions constraints, and competitiveness in a future marketplace conditioned by a CO2 emissions price, at the heart of it, is Natural Gas. Natural gas is a major fuel for multiple end uses — electricity, industry, heating — and is increasingly discussed as a potential pathway to reduced oil dependence for transportation. In addition, the realization over the last few years that the producible unconventional gas resource in the U.S. is very large has intensified the discussion about natural gas as a "bridge" to a low-carbon future. -MIT
 

Mid-Point - March 21st 2013

God Bless,

Gail