Israel's Energy Power Grab
futureofcapitalism.com

Now that some natural gas reserves have been privately discovered off the coast of Israel, there are noises about the Israeli government making a power grab for the revenues. The Washington Post reports:

the initial euphoria over the prospect of energy independence for Israel is being overshadowed by the dispute between Israeli officials who want to increase the state's share of the profits and U.S. and Israeli investors who say the government's stance threatens Israel's status as a safe place to invest....

Under current law, Israel would be eligible to claim royalties of 12.5 percent of the value of the gas, along with some additional charges....

The Post quotes Rabbi Michael Melchior:

Read More...

Israel's Energy Power Grab
futureofcapitalism.com

Now that some natural gas reserves have been privately discovered off the coast of Israel, there are noises about the Israeli government making a power grab for the revenues. The Washington Post reports:

the initial euphoria over the prospect of energy independence for Israel is being overshadowed by the dispute between Israeli officials who want to increase the state's share of the profits and U.S. and Israeli investors who say the government's stance threatens Israel's status as a safe place to invest....

Under current law, Israel would be eligible to claim royalties of 12.5 percent of the value of the gas, along with some additional charges....

The Post quotes Rabbi Michael Melchior:

Read More...