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  • Posted by freedomforall 5 years, 1 month ago
    If I recall correctly, this company was purchased by Howard Jonas and later became a spin off of IDT telecom (which held many patents on VOIP) some years ago.
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      • Posted by freedomforall 5 years, 1 month ago
        Jonas did what visionary entrepreneurs have done throughout history with profits. He reinvested in R and D of many technologies; this one appears to be the one in twenty that pays for the rest.
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  • Posted by Esceptico 5 years, 1 month ago
    In a free market there is a tendency toward the establishment of a uniform price for the same good throughout the world.

    Reisman, George (2012-08-20). The Government Against the Economy (Kindle Locations 717-718). TJS Books, Laguna Hills, California. Kindle Edition.

    Which means price will tend toward the costs of production as supply increases and competitors come online.
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  • Posted by DrZarkov99 5 years, 1 month ago
    There are also new natural gas finds in Israeli controlled offshore areas, so this does make them energy independent when these resources are developed. If production is high enough, sales to Europe could help tip the balance more in Israel's favor there.
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  • Posted by Herb7734 5 years, 1 month ago
    Holy Poop!
    If the oil is high quality and vast quantity, it will turn the Middle East upside down. Look for Syria and many terrorist organizations to lay claim to it. Israel is currently in a state of sped-up terrorist activity that has largely gone unreported by the so-called mainstream press. Can this be related to the discovery?
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  • Posted by $ blarman 5 years, 1 month ago
    So here's my two cents, being a long follower of not only the region and its history, but the politics and implications. The very first thing I noticed was the geography of the find: the contested Golan Heights. For those who do not know, the Golan is THE military backstop guarding the northern and eastern approaches into Israel from Syria. The Heights provide a tremendous advantage on defense - especially when air superiority is completely owned by Israel. If oil is really found there, the Muslim nations will surely figure this into their political and military discussions. It also throws tremendous weight behind the Israelis in parliament who are adamant about maintaining all currently "disputed" territories - the Golan was won from Syria in the 1967 war but even 50 years of ownership and defense hasn't quelled the cries from Arabs over a "return to pre-1967 borders". Israel has flat-out denied this every time it has come up.

    The other thing this does is put Israel in a much better position energy-wise. Currently, they have to pipe in their power and oil through several non-friendly territories. From a military perspective, Israel could be put under siege quite easily simply by cutting off current energy routes. I think the number is that some 60% of their energy has to be imported. For a nation almost perpetually engaged in military conflict by incursion from its neighbors, this has to give them some hope of autonomy for the future.
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  • Posted by $ Olduglycarl 5 years, 1 month ago
    That black gold is in a contested area and threatens the status quo...including Russia.

    Now I hear that China is involved in the middle east too.

    This seems to have been planned.
    I heard about it 3 years ago but now with the oil find by Israel, these events definitely puts a kink in the scheme.
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