In 2009 an Israeli geologist discovered oil embedded in rock in the ground  southwest of Jerusalem. There’s lots of it — and it could change the Middle East  forever

TIME, 30th April 2013

One day in August 2009, a geologist named Yuval Bartov sank a drill into the  ground southwest of Jerusalem,  pulled up a cylinder of rock and, in the same motion, turned the world upside  down. The rock contained oil,  something that Israel has never  had. The oil did not happen to be in liquid form, but the geologist knew someone  with a plan to change that.

Read more: http://world.time.com/2013/04/30/can-israel-become-as-oil-rich-as-saudi-arabia/#ixzz2XoTnH7sM