Largely brought on by obvious security incentives, the Jewish Country in the Middle East, Israel is uniquely poised to become a world leader in the field of alternatives to oil.
Last year, around the time of the Climate Summit in Copenhagen, Israeli Prime Minister Binyamin Netanyahu declared that Israel would find a substitute for oil in the next 10 years – despite that country’s relative (enough for self-sufficient success at best) surplus.
Well this year, he is recalling the promise which he made in that green year.
A national plan for developing alternatives to crude oil will be proposed by the Israeli prime minister to his cabinet this week.
Under the auspices of Dr. Eugene Kandel, head of the [Israeli] National Economic Council, the new plan will invest $53.3m a year over the next 10 years in financing research and development for companies involved in the quest for alternative fuel.
The plan also calls for government money to be supplemented by donations from the private sector at $48m a year.
In Israel, 60% of all oil is used in transportation and electricity claims only 5%. The latter statistic is due to that country’s large switch to coal, natural gas and other fossil fuels for electricity during the oil crisis of the 1970’s.
25% of oil is actually spent on petrochemicals, fertilizer and other oil-based products.
Israel justifies its pricy plan like this:
– Foreign oil is produced largely by countries which do not have cordial relations with Israel – some of which are even said to fund terrorist activity against her.
– Transportation is responsible for about 40% of greenhouse gases, and massive amounts of air pollution – this, as we are all aware, has adverse affects on the health of a population.
– The price of foreign oil is expected to rise even from its formidable price (and beneficially so) soon. In fact, projections predict oil prices rising to $130 a barrel by 2030.
The world used 85 million barrels of oil, daily in 2007. The US Department of Energy predicts that usage will rise to 107 million barrels a day by the year 2030.
Israel admits that it uses between 75 to 100 million barrels a year.
Israel’s new plan now calls for the appointment of a project manager with expert staff in the Prime Minister’s Office to emphasize the national need for the task.