Israel sitting on Vast Oil Reserves

It is known that the Iraqi oil fields continue towards the Israeli Golan in a long "oil belt" (extrapolate those red blots on the map left). The Saudi Plate is tilted towards the Gulf, where the oil is found almost in the surface, but deep and costly to extract in its Golan extreme.  We have this Afeq company, a subsidiary of Genie Oil, that had bored 4 wells on the Golan without success. Sure, they found much oil saturated rock but that is unextractable, the theory is that volcanic activity is heating up the oil bearing rock and liquefying the oil. Liquid oil is gold. The problem is how to find those hot liquid lakes of oil.

Another problem is that the Golan is recognized as Syrian territory. Only if Syria breaks up and new entities arise, then maybe the Golan oil will be undisputedly ours to extract and sell. Assad is a pain in the ass, he is holding Syria together and letting Russia and Iran in. He is an Alawi Shia heretic ruling over an Orthodox Shiite population.

North Korea Shorting the Markets

The  Armstrong Report publishes a photo of Kim Ilsung watching the launch of a missile. But look at the computer monitor: he is clearly following the markets in real time.

He is studying the effect of his military moves on the market, probably trying to induce fear and profit from his shorts.

Mouse Utopia

  The logistic curve.

Israeli Monetary Policy

The US dollar lost 7% of its worth vis-a-vis the Israeli sheqel this year. The very strong message/pressure of the advisers to diversify to foreign markets has proved to be wrong. Happily I continued putting all my eggs in one basket, TASE Tel Aviv Stock Exchange.

I think the sheqel is kept strong and expensive because (1) foreign investment is flowing in to Israeli startups, and (2) the government tries to force down prices, including importing fresh fruits and cheese and meat. I used to pay 1000 sh per visit to the supermarket, today it is 500. The cost of living is lower. Where the gov is failing is in driving down apartment prices, it is not working.

Tehila

My Granddaughter. She has a strong character.

The Globe: We are coming!

Daughter studying English Literature so we have to travel to drink culture from its very source: The London Globe. There we are coming soon! Terry Michelle (pic) is the new Director, and she promises that forthcoming productions at the Globe will have equal roles for men and women. Shakespeare would have never agreed. But she is cute.

French Identity Issues

When I was an adolescent in Buenos Aires, we Jewish boys all battled unsolvable identity issues. Being a Jew was a most problematic identity, no one knew how to deal with it. Now I see that the French had caught the Galuth neurosis: this book tells the story of a French girl with some nebulous Algerian ancestry, who "returns" to Algeria to fill in the silences of her parents. Not long ago, the French had a solid idea of themselves and what they were, but now everything is mixed up and no one knows who he/she is. They are suffering and unhappy, and trying to work out their identities by writing books. As for me, Zionism dissolved any complex I may have had, and my children are free of this mental disease.