The longer Israel refrains from extracting and selling the oil, the higher its price will go! Peak oil is irrevocably on its way (or has perhaps even already passed). Let the Arabs run down their wells, losing the only leverage they ever had on the rest of the world, and let Israel's appreciate, giving it a greater economic and political might when it finally does extract the oil.

"Let the Arabs run down their wells, losing the only leverage they ever had on the rest of the world," don't sit around waiting.

Bible prophecy?

There has never been a Palestinian and it was called Syria Palestinia by Emperor Hadrian in 135ad after the last Jewish Rebellion which was to rid the name Israel and actually means Philistines the enemy at of old of Israel and there is Prophecies in the Bible there are Propheicies that oil would be found in last days

these were the bunch of slaves that King David used to work in israel's farms to save their neck, tsk, tsk, tsk! just check the book of kings!