December, 2016 Energy

Turkey-Israel: pipeline

Selin Nasi
Energy cooperation has been a major force driving Turkish-Israeli reconciliation.

Israel’s Leviathan gas field, the country’s largest natural gas reservoir, was discovered in 2010 and is believed to hold 621 billion cubic meters of gas.

Prisoner’s Dilemma

By Jacob L. Shapiro
OPEC countries have an agreement on production, but will they abide by it?
The Organization of the Petroleum Exporting Countries (OPEC) says its members have approved a plan to cut oil production by about 1.2 million barrels per day, or roughly 1.5 percent of current global crude production.


Anomalies  Russia

 
By Jacob L. Shapiro
Are Russia’s banks failing or recovering?

On Nov. 22, an economist wrote in a Russian-language newspaper: “To judge by the flood of complaints, guarantees on bank deposits are ceasing to operate. People are often paid a fraction of their deposits and are being told that before closing the bank destroyed its documents, and your copies of the contracts are not binding for us!” (Translation by the BBC.)