Oil Find Outside Tel Aviv: A Blessing or Ecological Nightmare?

Does Rosh Ha’Ayin, Israel, have its future in oil?

Finding oil in Israel near the Dead Sea is one thing, but finding significant amounts of the black, un-environmentally friendly stuff right outside of the already polluted city of Tel Aviv may wind up being something entirely else altogether.

This scenario may very well be happening, following an announcement to the Tel Aviv Stock Exchange (TASE)  that the Givot Olam Oil Company has located what appears to be “significant quantities of oil” in its Meged 5 well, located near the community of Rosh Ha’Ayin, a few kilometers north-east of Tel Aviv.