Tuesday, October 28, 2014

They might find it in time for Hanukkah

Stuff you can't make up (via Reuters): a company backed by Rupert Murdoch and Dick Cheney wants to drill for oil ... near Jerusalem. The end-times -- for parody -- may be upon us:

U.S.-based Genie Energy could turn to the courts or even Mongolia in its effort to challenge a local government decision that has blocked its hunt for oil just over 40 kilometers from Jerusalem, a senior official at the group said. Genie, backed by media mogul Rupert Murdoch, says it aims to secure energy independence for Israel, a country that has never had a serious oil find despite years of exploration.... Genie Energy was spun off from telecoms group IDT Corp in 2011. As well as Murdoch, it has attracted investment from financier Jacob Rothschild. Together they own a 5.5 percent stake worth $11 million. Former U.S. Vice President Dick Cheney is on the advisory board.