Watching The World: Israel's uphill battles

07/18/2011
Eric WatkinsOil Diplomacy EditorIsrael's nascent oil and gas industry is facing some uphill struggles these days, especially as neighbors seek to undermine its energy security.One example came last week with the bombing of a natural gas pipeline from Egypt. Masked gunman blew up part of the gas terminal at El Arish in the Sinai, about 50 km from Israel.The bombing was the fourth in 6 months, cutting off badly needed supplies during the hot summer months when Israelis' increased use of air conditioning sends electricity demand off the charts.While some pundits could shrug off the attack, citing recent discoveries of gas offshore that could make Israel energy-independent for decades to come...
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