ميقاتي يؤكد أهمية ملف التنقيب عن النفط وباسيل ينقل عنه "إيجابيته" في عقد جلسة لبت الأمر

I second the opinion!!!!!

Lol @ Ron. The 6mil doesn't account for the full unwavering support of America.

Ya zalami, we waited for ever for those "electricity ships", when they finally got here, we gave em dirty fuel!

All we care about here is shatara. Some idiot lebanese guy thought he was being slick, buying cheap fuel and pocketing the difference. When they calculate how much the reserves are worth they should release two figures, one for before and one for after the politicians cuts.

Phoenix. Look at the Norwegian. The have something called the National Oil Fund. All proceeds from the oil that is sold ends up in this fund. The capital is never used. It is invested in low-risk assest and securities. The Norwegians live off the returns of the fund, and only if their parliament votes for using the returns. Sometimes they vote against it for fear of flooding their market with too much currency, thus triggering inflation. In this case the return is added to the capital. I read a report that Norway will never run out of money, ever! The key is good governance, transparency and competent, honest management. We have so many highly educated and competent people in Lebanon. Some of them are stars in their fields, all over the world. But at home, we put our future, and the future of our children in the hands of people who have nothing but a family name to offer. It is tragic beyond belief.

Apologies for all the typos in the post above.

phoenix, the oil company drilling offshore israel is american (Noble Energy) and they do have access to this technology...the same happened with the gulf countries...they bought this technology and they started drilling along their maritime boundary with iran...

No worries, hassouni and bassil will protect our oil...

Mr. Bassil doesn't know the reason why there is a permanent shortage of electricity in Lebanon, he doesn't know why Lebanon is not progressing in the drilling for gas, like Cyprus and Israel. So what does he know ?
When in my earlier comment I said that he should make an effort to sit down with the Israeli Energy Minister, he should also remember that the Republic of Cyprus is also not recognised by the Republic of turkey, but when important economic matters are concerned, they know how to sit down and talk.
Let Mr. Bassil try, if he can, to work out just how much annual income the lack of development of the gas fields is failing to bring into the Lebanese economy, then stand up in Parliament and explain why he refuses to discuss the matter with the Israelis.

I know what ur saying, and ideally it's right.

But Israel doesn't want that. U think they're stealing by mistake? Or are making plans to steal, let's say, my mistake?

So lets say we sit with them. Then what? Lets ask Abu Mazen.

FT: I am a firm believer that we can put all these issues on the table and work them out without a single shot being fired. The whole Sinai, and a good chunk of Jordan were returned to their respective countries through long and patient negotiations. It took a lot of give-and-take, but most critically it took negotiations in good faith from both parties. It is time to turn the page. The peace dividend is too immense for us or the Israelis to ignore. Just a humble opinion.