(NEWS) NY Times: Israel Could Become Energy Exporter

"A 'New York Times' report on Israel's recent natural gas finds describes the history of exploration here by saying, 'Few countries had looked so hard with so little result.' The article explains that as a result, 'obliged to live off their wits, Israelis turned their country into a high-tech haven.'

The article lists a slew of challenges that flow from the discovery of the Tamar and Leviathan gas fields, including political tension with Lebanon, royalties policy, fears of Hizbullah missiles, and worries over the impact on the environment. But in addition to all those is the concern that 'Israel could blow its windfall and turn into a nation of single-resource slackers.'"