Throughout their history, the major U.S. fossil-fuel companies have systematically avoided investing in the Jewish state’s natural gas and shale oil—presumably to preserve their crucial business relations in Iraq and the Arabian peninsula. Last month, the oil giant Chevron broke with this precedent by acquiring Noble Energy, a Texas-based company with a stake in the Leviathan gas field in Israel’s coastal waters. Dore Gold explains the economic and geostrategic implications of this step. (Video, 5 minutes.)
Read more on Jerusalem Center for Public Affairs: https://jcpa.org/video/chevron-and-the-centrality-of-energy-diplomacy-in-the-