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Israeli Minister: Iran Could Go Nuclear This Year Newsmax.com

Iran will likely have the means to produce nuclear weapons before the end of this year, warns Israeli Transportation Minister Shaul Mofaz.

A recent Israeli Military Intelligence assessment estimated that Iran would not be able to go nuclear until 2010. But Mofaz, a former defense minister and Israeli Defense Force chief of General Staff, said Iran could have the know-how to build nuclear arms within months.

In a speech at Yale University on the eve of Holocaust Remembrance Day, Mofaz said the diplomatic channel was the preferred way to stop Iran’s nuclear program, but added that any means of ensuring that Iran does not acquire nuclear weapons are valid, according to the Jerusalem Post.

“Israel will not tolerate a nuclear Iran, and I'd like to believe that the rest of the world will not allow it to happen,” Mofaz said. “All is fair in the efforts to make sure it doesn't happen."

He also declared that the "Iranian regime is the number one threat to mankind in the 21st century. It is a multi-dimensional, multi-armed threat, which increases every day, every hour."

Photos taken during a recent visit by Iranian President Mahmoud Ahmadinejad to Natanz, where Iran is building centrifuges to enrich uranium, were released to the world press by Iran. They clearly show the progress Iran has made on installing the newer IR-2 model centrifuge, which appears ready for testing, according to HSToday, a Web site focusing on homeland security.

Mofaz was in the U.S. with an Israeli delegation holding meetings with American officials, including Secretary of State Condoleezza Rice.

Hamas, Hizbullah and the Iranian regime are ideologically committed to the Jewish state's destruction

Read the story: aish.com

Israeli Company Strikes Oil Near Dead Sea

Source: Israel National News

An Israeli company reports it has struck oil in the Dead Sea region, possibly worth up to $350 million

The company, Ginko Oil Exploration, says that oil spurted on Monday from a depth of 1,800 meters (1.12 miles), and that further tests will be carried out in the coming days. The oil, estimated at about 6.5 million barrels' worth, was found just north of the Dead Sea.

Ginko extracted about 120,000 barrels of crude oil from the site about ten years ago, but gave up the initiative. The drilling has now been renewed, as it has in many places around the world, because of the steep increase in oil prices. Ginko has already acquired pipelines and containers for transporting the extracted fuel.

In April 2004, Ginko discovered a seven-meter layer of natural gas in the same region.

Israel has produced only 20 million barrels of oil in the last half-century, the Associated Press reports - less than what the Saudis produce every three days.

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