An event has just occurred that the rest of the world has not taken much notice of yet, but it is one that will soon have Bible prophecy students buzzing with anticipation. There has been a major discovery of oil in Israel. An Israeli oil prospecting and production firm has formally announced the discovery of a “commercially sized” oil field in central Israel. Ever since it became a nation again in 1948, Israel has been importing all of the oil that it needs, so needless to say this is potentially an incredibly exciting development. For years, many Bible prophecy teachers have believed that oil would be discovered in Israel in the last days, but up until now there hasn’t been much to report.
Now there is.
A recent article in Haaretz provided some more details on this new discovery….
Givot Olam Oil Ltd notified the Tel Aviv Stock Exchange of the find in its “Megev Five” drill near the town of Rosh Ha’ayin, saying it can produce 470 barrels of oil a day.
But this has not been the only major discovery in Israel in recent years. In January 2009, Nobel Drilling announced that they had found a massive natural gas field approximately 60 to 90 miles offshore from Israel. The firm says that the field contains enough natural gas to supply everything that Israel needs for the next 10 or 20 years.
Things are changing.
So will these new discoveries fundamentally change the politics of the Middle East?
Are we seeing Bible prophecy being fulfilled right before our eyes?
For years, there have been some Bible teachers that have pointed to scriptures such as Deuteronomy 33:24 as evidence that Israel would someday be blessed with oil….
“And of Asher he said, Let Asher be blessed with children; let him be acceptable to his brethren, and let him dip his foot in oil.”
The truth is that there is a lot of debate about the “oil” passages throughout the Bible, but these new discoveries are certainly strengthening the case of those who strongly believe there is a lot of oil in Israel.
So could the discovery of oil in Israel end up being one of the things that sparks the next war in the Middle East?
Only time will tell.
But one thing is for sure – we certainly do live in extraordinary times.