A large new natural gas field has been discovered in Israel, a good omen for its neighbors Jordan, Egypt, and the Palestinian Authority. Israel's newly found resources would be able to sate their energy needs, but the tension between the states is standing in the way of cooperation. An oil company in the United States, Noble Energy, could be the key to peace. Its recent diplomatic deals with Israel and the nearby countries are supported by the Obama administration (New York Times). Noble Energy plans to sell natural gas from Israel to its neighbors to bring peace to the Middle East area. The American government "has quietly pushed the strategy" (NY Times) to relieve international tensions yet also promote its own agenda. It hopes that the energy supply from Israel will be able to expand past just fueling Egypt and Jordan, to more of Europe.
I think that these international deals have a good chance of succeeding. In the past few years, Jordan's demand for energy has driven it to continue to use Israel's source, despite tensions between the two states. With more available natural gas and further encouragement from an outside party, it is quite possible that the diplomatic arrangements could work, especially in the U.S.'s favor. On the other hand, other gas companies seeking use of Israel's resources are looking to compete with Noble Energy. The new natural gas reserves are located in the Royee field, which isn't held by Noble or its partner Delek Group (Haaretz). This is an opportunity for outside groups, like Italian company Edison, to control energy resources in Israel. It could also inhibit Noble and the Obama administration's plans to promote peace, if they lose influence in the region.
Do you think that Noble's efforts for peace will succeed, or is Israel better off with private companies using the new natural gas resources to compete with outside corporations (such as Noble Energy or Delek Group)?
How will the possible competition affect the Noble-Delek monopoly and nations' consumption of Israel energy?
In general, how would peace in the Middle East region help the U.S. and international community? Should the U.S. be involving itself to prompt peace, and are the efforts enough?