The Islamic State in Iraq and the Levant Megathread

[CountDeMoney]

That's my take on Count's post.

That's because you're a Euroweenie.

[garbon]

That's my take on Count's post.

That's because you're a Euroweenie.

And/or it is Seedy like behavior.

[Barrister]

That's my take on Count's post.

That's because you're a Euroweenie.

Geography begs to differ.

[CountDeMoney]

You're Canadian, ergo a Euroweenie.  Monarchist assfuck.

[derspiess]

[Eddie Teach]

Alberta is the exception, though Beeb's Manitoban roots make him suspicious.

[CountDeMoney]

And/or it is Seedy like behavior.

I just keep it in perspective, and not freak out about it like some angst-ridden 16 year old that's read too much Nietzche.

[The Minsky Moment]

Interestingly, the NON-fungibility of the natural gas market (as opposed to oil) is a major political concern: Russia's threat to turn the gas pipes off gives them more clout in Europe than they otherwise would have.

It will be interesting to see what happens when the Leviathan field goes on-line through Greece. Any of you heavy-hitting economics types know anything about that? Minsky? Viking?

Leviathan is probably nice to have, but it isn't a huge field in any way. Probably larger than average though... It will make israel self sufficient in gas though.

That was my understanding too.  For a rinky-dinky country like Israel it is big potatoes but nothing on the scale that would have big impact on Europe as a whole.

[Malthus]

Interestingly, the NON-fungibility of the natural gas market (as opposed to oil) is a major political concern: Russia's threat to turn the gas pipes off gives them more clout in Europe than they otherwise would have.

It will be interesting to see what happens when the Leviathan field goes on-line through Greece. Any of you heavy-hitting economics types know anything about that? Minsky? Viking?

Leviathan is probably nice to have, but it isn't a huge field in any way. Probably larger than average though... It will make israel self sufficient in gas though.

That was my understanding too.  For a rinky-dinky country like Israel it is big potatoes but nothing on the scale that would have big impact on Europe as a whole.

I keep seeing the figure that the 'energy triange' (the Aphrodite & Leviathan fields, basically) has enough reserves to supply Euros for 20 years.

http://en.wikipedia.org/wiki/Energy_Triangle

http://www.hurriyetdailynews.com/is-the-new-cyprus-greece-israel-energy-triangle-casting-a-net-for-turkey.aspx?PageID=238&NID=33097&NewsCatID=396

http://www.naturalgaseurope.com/energy-triangle-dynamics-east-mediterranean-basin

Of course, that's based on industry bumpf. It's a bit short of hard facts.

[Viking]

Interestingly, the NON-fungibility of the natural gas market (as opposed to oil) is a major political concern: Russia's threat to turn the gas pipes off gives them more clout in Europe than they otherwise would have.

It will be interesting to see what happens when the Leviathan field goes on-line through Greece. Any of you heavy-hitting economics types know anything about that? Minsky? Viking?

Leviathan is probably nice to have, but it isn't a huge field in any way. Probably larger than average though... It will make israel self sufficient in gas though.

That was my understanding too.  For a rinky-dinky country like Israel it is big potatoes but nothing on the scale that would have big impact on Europe as a whole.

I keep seeing the figure that the 'energy triange' (the Aphrodite & Leviathan fields, basically) has enough reserves to supply Euros for 20 years.

http://en.wikipedia.org/wiki/Energy_Triangle

http://www.hurriyetdailynews.com/is-the-new-cyprus-greece-israel-energy-triangle-casting-a-net-for-turkey.aspx?PageID=238&NID=33097&NewsCatID=396

http://www.naturalgaseurope.com/energy-triangle-dynamics-east-mediterranean-basin

Of course, that's based on industry bumpf. It's a bit short of hard facts.

hmm.. 20 years? Look there are some Russian and Alegerian fields with 20 times Leviathan's reserves. There are at least 20 fields in the north sea larger than Leviathan. I think by supplying europe they mean supplying gas to europe as opposed to supplying all of europe's gas. 20 years sounds like a relatively total life span of a field, but it sounds like the initial estimates before they do some mid life recompletion for the field.

[Crazy_Ivan80]

http://koenraadelst.blogspot.be/2014/10/politicians-praising-islam-non-muslims.html

an interesting read

[MadImmortalMan]

Is there a specific reason that the official White House statements about it always refer to them as ISIL rather than ISIS?

[Syt]

They started here with "ISIS" (Islamic State in Iraq and Syria), then switched to "ISIL" (Islamic State in Iraq and the Levant), but for the past weeks, media are calling them just "IS."

[Admiral Yi]

Is there a specific reason that the official White House statements about it always refer to them as ISIL rather than ISIS?

No clue.

[grumbler]

Defenestration.

My wife's favorite historical event ever is the Defenestration of Prague.  That was one way I knew she was a keeper.

Which defenestration?  There were actually at least two.