Zion Oil & Gas Inc (ZNOG)

[Bruce_Mcdonalds]

I hope you guys who are buying more and more shares because you think the Israeli government will renege on their promise not to approve any new on-shore leases realize that Netanyahu is not like a President of the United States. Netanyahu is head of a coalition government. He can only rule while his coalition is in majority. The instant he displeases one of his coalition members and his coalition drops below 50% approval, he get's fired and they hold a new election for a new Prime Minister.

Two years ago, Israel said no new leases on-shore. That was a tip of the hat to the greenies. Now, you expect Netanyahu to risk his position as the leader of the government to let Zion Oil have another 7 year lease? And to compound the issue, by allowing them FRACKING, too? And even more so, to award the lease to them for a bid of $0 (talk about politics, the Knesset would have a field day on that, alone - these new leases are supposed to be put out for competitive bid). All this would for sure put a crack in his government. And any Oil Ministry bureaucrat is gonna know this, that approving an on-shore lease would put Netanyahu in a real bad position, and likely get Netanyahu, and himself, fired..

No chance. Not even close.