Zion Oil & Gas Inc (ZNOG)

[mrbojangle]

There was a recent post that proposed the window is closing on demand for oil and as a result, ZNOG is going to miss out. I don't believe that for a number of reasons:

1) Oil as use as a fuel for automotive transportation is not going to end any time soon.
- Electrification of automobiles is still very expensive. A Tesla model 3 will currently set you back about $60,000. The lowest cost EV I could find is a Chevy Bolt at around $35,000.
- Energy density of oil-based fuel vs battery power is still significantly better by a multiple of X.
- The electric grid in the US would be overwhelmed if every automobile were suddenly EV.
- It will take years to create all the recharge stations needed for EV's (recently read an article where a journalist drove her EV from NO to Chicago. She reported that she spent more time recharging than sleeping and was very happy to get back to her gas-powered auto).
- The rare earth minerals required to produce EV's are just that - rare. And most are mined in countries hostile to the US/Israel.
2) Oil used as a fuel for aviation isn't going anywhere any time soon.
- I work in aviation engineering. We recently bid on a contract for a proposed fully electric aircraft that would have hauled ~20 passengers for about 200km. Two months later the company requests a requote because they are abandoning the fully electric concept for a hybrid concept.
3) Oil used as fuel for military applications isn't changing anytime soon.
- Militaries must be agile. EV's are not agile due to recharging constraints
4) Oil used for maritime applications isn't going to change soon.
- Electric propulsion for maritime has the same recharging constraints as other modes
5) Rail transportation will continue to use oil-based fuels

So demand for ZNOG discovered oil will still be needed by Israel into the foreseeable future and quantities above Israeli needs will continue as well. ZNOG has time