Word for word hearing Essay Example | Topics and Well Written Essays - 2500 words

Word for word hearing - Essay Example t terminals for nearly a year until a partial agreement was reached in April, and in Iraq, we’ve only recently begun to see that country tap the potential of it proven oil reserves which is the source of 90% of its budget but now that Iraq’s second largest city, Mosel, fell this week to Al-Qaeda affiliated Islamic state of Iraq, _ ISIL and the increase deterioration of the security situation in that country, there’s no telling what the future has in store for its energy sector. But that just highlights the problem; most of those countries relay heavily on the sale of oil or gas as their main driver for their economies and anything upsets the delicate balance can be extremely detrimental to their economic outlook and has the potential upend the global energy market. Then of course we have the recent discovery of large oil, natural gas sorry off the coast of Israel. This has huge implications for our friend and democratically the Jewish state of Israel because seemingly overnight, Israel has gone from energy dependent on some unreliable partners to now to now commanding a large sum of natural gas that can transform its relations with its neighbors. The instability of Egypt over the last few years, coupled with large energy subsidy providers to Egyptians, has seen overconsumption in Egypt and has harmed its energy outlook. Both Israel and Jordan had been reliant on gas from Egypt but now that Israel has the potential to export large sums of gas that Jordan needs, this could be an opportunity for those nations to strengthen their ties. Israel’s potential could also transform its relationship with Egypt and other Middle Eastern countries as they look for regional solutions to the energy needs. Yet Israel’s natural gas boom hasn’t just affected its relationship in the middle east and north Africa region, it is also seen a promising and expanding relationship with Greece and Cyprus. The recent discovery of large hydrocarbons in the east Mediterranean has