Tuesday, December 23, 2014

Israel gas reserves

Israel has discovered gas of its coast, that's the good news.
The bad news is that the group that has invested his money in a very risky enterprise is being punished.
It is inconceivable that the person or people that has invested his money to find the gas id being stabbed in the back.
Yitchak Tesuvah deserves to benefit on the gamble he took to look for the gas.
After it was found to show him the door will endanger future searches for oil or gas.
This ruling that will not let those who found the gas to make money is counterproductive to future investment.
It is hard to escape the feeling that populist sentiments are behind this ruling.
Destroying free enterprise and discouraging fresh investors to invest in Israels natural resources.
The bottom line is that those who spent the money deserve to make the big money.
Taking away the lure of profits from future investors will doom future investments.
Its Israels gas but Tsuvah found it.

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