U.S. Secretary of State John Kerry, second right, stands with Israeli Defense Minister Moshe Yaalon, left, Minister of International Relations Yuval Steinitz, second left, Israeli Prime Minister Benjamin Netanyahu, center, and Minister of Justice Tzipi Livni at Netanyahu's office on May 23, 2013, in Jerusalem. Uriel Sinai/UPI /Landov hide caption

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Givot Olam CEO Tovia Luskin expects to drill 40 wells and build a pipeline to a refinery on the coast. The company already has "proven and probable" reserves of 12.5 million barrels of oil. Luskin chose where to drill based on a passage from the Bible. Emily Harris/ NPR hide caption

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Israel Dreams Of A Future As An Oil Producer

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Egyptian Foreign Minister Mohammed Kamel Amr and U.S. Secretary of State Hillary Rodham Clinton announced the "hold fire" agreement in Cairo. Khaled Desouki /AFP/Getty Images hide caption

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