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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On Dec. 23, 1973, cars formed a double line at a gas station in New York City. The Arab oil embargo caused gas shortages nationwide and shaped U.S. foreign policy to this day. Marty Lederhandler/AP hide caption

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Libyan oil exports have plunged because of strikes at oil terminals on the northeastern coast. Supply has also been disrupted in the country's southern fields. Hussein Malla/AP hide caption

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Bedouins watch flames rise in July 2011 after masked gunmen blew up a terminal of the Egyptian natural gas pipeline to Israel and Jordan. It was one of many attacks on the pipeline since the popular uprising that ousted longtime Egyptian leader Hosni Mubarak last year. AP hide caption

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The Two-Way

Canceling Out The 'Background Noise' On Egypt-Israel Relations

By ending a historic gas contract with Israel, is Egypt laying the groundwork for a fundamental shift between the two countries?

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People gather around a car as it is removed by a mobile crane in Tehran, Iran. The car was being driven by Iranian nuclear scientist Mostafa Ahmadi Roshan when it was targeted by a bomb Wednesday. Roshan was killed in the blast. Meghdad Madadi/AP hide caption

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An oil platform in the Norwegian sea. Marcel Mochet/AFP/Getty Images hide caption

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