The Israeli Ministry of Infrastructure has demanded permission from the gas company Nobel Energy to start working in developing the natural gas field that was found off the Gaza Strip shoreline, under the pretext that Israel fears gas shortages in the coming year.
Israel gets natural gas from Egypt through an agreement in which Israel pays less than internationally recognised prices to Egypt. After the Egyptian uprising and the toppling of Hosni Mubarak, the Egyptian people demanded that the channeling of gas to Israel would be stopped until a new agreement could be reached, so that the Egyptian people could benefit first from their natural resources.
Energy Glance
The Swiss government Wednesday decided to exit nuclear energy by phasing out the country's existing nuclear plants and seeking alternative energy sources, in a response to security concerns following Japan's nuclear disaster.
Japan's Fukushima Daiichi nuclear power plant experienced full meltdowns at three reactors in the wake of an earthquake and tsunami in March, the country's Nuclear Emergency Response Headquarters said Monday.
Germany, the economic engine of Europe, said Monday that it will close all of its nuclear power plants over the next 11 years, the latest aftershock from the Japanese earthquake and partial meltdown it set in motion at the Fukushima Daiichi nuclear complex.
When oil prices hit a record $147 a barrel in July 2008, the Bush administration leaned on Saudi Arabia to pump more crude in hopes that a flood of new crude would drive the price down. The Saudis complied, but not before warning that oil already was plentiful and that Wall Street speculation, not a shortage of oil, was driving up prices.





























