An exceptional accumulation of very severe natural catastrophes, including earthquakes in Japan and New Zealand, tornadoes and flooding in the US and … in New Zealand, make 2011 the highest-ever loss year on record, even after the first half-year.
Globally, the approximate US $265bn in economic losses up to the end of June exceed the total figure for 2005, previously the costliest year to date…
A geological map presented at Hebrew University last week shows that the Levant Basin, which includes the huge Leviathan gas field, may contain large quantities of oil in deep strata.
Israel also may be sitting on huge shale oil deposits, and the Israeli Energy Initiatives company hopes to launch a pilot project by the end of this year that will lead towards production of 50,000 barrels a day, one-fifth of Israel's consumption. Ezekiel 38:12-13 says twice that Gog and Magog attack Israel to take a spoil. Is this report a lead up to that? ("Israel's Coast May Be Gold Mine of Oil, Says Government Expert," Arutz 7, 1 June 2011)