Q. Why did Rupert Murdoch and Lord Jacob Rothschild purchase a total of $11 million dollars of “equity positions” with Genie Energy Corporation (IDT) totaling an 11% stake in the corporation back in 2010?
A. Israel has reportedly granted the U.S. energy firm with heavyweight political connections to explore for oil and gas in the occupied Golan Heights.
The company is a local subsidiary of New Jersey-based Genie Energy Ltd. The Strategic Advisory Board of another subsidiary, Genie Oil and Gas, includes former Vice President Dick Cheney, media magnate Rupert Murdoch, and former Republican Rep. Jim Courter...
The company’s website, http://genie.com/ has the following homepage announcement…
Genie Energy Subsidiary in Israel Granted Exploration License
Genie Energy (NYSE: GNE, GNEPRA), said today that the government of Israel has awarded its subsidiary, Genie Israel Oil and Gas, Ltd., an exclusive petroleum exploration license covering 396.5 square kilometers in the Southern portion of the Golan Heights.
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