Adonis Diaries

General Electric vying to plunder Lebanon water resources?

Posted on: May 25, 2018

General Electric  vying to plunder Lebanon water resources?

General Electric is trying to do in Lebanon what ARAMCO did in Saudi Arabia in the 1960’s, where they formed a joint mutual interest entity between Saudis & Americans to exploit exclusively Saudi Oil fields at the very early times of the Oil revolution.
And then to commit Saudi Kingdom to sell it only in US dollars for them to keep printing US Dollars of the recurring  inflation.
Lebanon wealth is in its waters for it being a natural basin reservoir in the Near East (Levant States), where GE says we have 3 trillion m3 of renewable waters every year, to exploit it they’d dig at 400 m of altitude and let this underground basin of water burst into waterfalls and lakes, then channel it to the Arabian gulf countries like Saudi and Kuwait and sell them 1 trillion m3/year each.
Our government is asked here to manage  the monetization of our waters as a natural resource and ask market makers in the USA to create future contracts in this resource and price it  same like Oil and float it as a basic commodity before any step or contract is undertaken
If this happens, we’re the wealthiest nation on earth to become!
Lebanon holds all the waters the middle east needs and it is renewable from melting snow and rainfalls every year. (Climate change is reversing this trend: rain fall and snow capping mountains have become rare events in the latest years)
GE runs most of the 23 desalinisation plants in Saudi Kingdom and they consume 287,000 barrels of Oil a day to purify 3 million m3 of sea water each day, representing 60% of water needs. This produced water still lack minerals and many natural component to be drinkable.
The very high cost to get water in the Arabian peninsula has sent GE staring at Lebanon waters as the natural basin of the Middle East.
When this commodity is priced, monetized and floated in the financial markets it can be the major component of Peace in the region, and properly distributed to all, to drink, use it in agriculture and power generation dams. It is as scarce as Oil but more valuable.
Kiwan opinion is “I am for the fact to return other giant companies in the deal to implement competition although I believe sincerely that there need the United States of America in order to conclude an exploitation of our resources in waters, for several reasons.
One, this will be a strategic alliance as the future markets of amenities exist exclusively in the USA, a vital factor has the monetization of our water resources.
Two, our wealth of waters is strategic for Israel and a major component of peace in the region (What kind of peace? “What is ours is ours, and what is yours is still ours”?)
Three most of “our clients” who crave potable water like the Arab Gulf countries are of Allied strategic with the USA, where our re-entry for this convenience and our economic stability based on the sale of the Lebanese waters has abroad”.
Note 1: Turkey has been adopting this strategy of using its vast resources in water to blackmail other regional States like Syria, Iraq and Iran. It has been foolishly building many dams, just to retain water from other countries and be paid for this natural resource.
Note 2: Israel is keeping Syria Golan Heights for its vast sources of water and denying the Palestinians their share in water.

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