“Breaking the Treasure Code:” Part Two

“Breaking the Treasure Code:” Part Two
Vol: 48 Issue: 29 Thursday, September 29, 2005

Israel produces almost no oil and imports nearly all of its oil needs, currently running around 274,000 barrels per day.

Traditionally, major oil import sources have included Egypt, the North Sea, West Africa, and Mexico. In recent years, however, Israel has stepped up its imports from Russia and the Caspian region (Kazakhstan, Turkmenistan, etc.) and now reportedly gets a majority of its oil from the former Soviet Union

Israel’s Petroleum Commission has estimated that the country could contain 5 billion barrels of oil reserves, most likely located underneath natural gas reserves.

Geologically, Israel appears to be connected to the oil-rich Paleozoic petroleum system stretching from Saudi Arabia through Iraq to Syria.

In April 2005, Zion Oil & Gas, Inc., based in Dallas and Tel Aviv, began drilling at the Ma’anit-1 well, located approximately 37.5 miles north-northeast of Tel Aviv.

Israel has sizeable deposits of oil shale, perhaps 600 million tons recoverable, with average production of about 9,000 barrels per day, according to the most pessimistic analyses.

Zion Oil founder John Brown believes there is more oil than that at that point in Israel where Asher’s ‘foot’ touches Joseph’s ‘head’.

Of his favorite son, Joseph, Jacob prophesied, “Even by the God of thy father, who shall help thee; and by the Almighty, who shall bless thee with blessings of heaven above, blessings of the deep that lieth under, blessings of the breasts, and of the womb: The blessings of thy father have prevailed above the blessings of my progenitors unto the utmost bound of the everlasting hills: they shall be on the head of Joseph, and on the crown of the head of him that was separate from his brethren.” (49:25-26)

Each of Jacob’s sons were apportioned a share of the Promised Land, as noted in yesterday’s OL. The shares apportioned to Joseph and Asher came with a unique promise of blessings from the deep.

Note several things here. Joseph is to be blessed with the “blessings of the deep that lieth under” the land of Israel. The blessings shall be “on the head of Joseph.”

Deuteronomy 33:13 repeats the blessing and the prophecy: “And of Joseph he said, Blessed of the LORD be His land, for the precious things of heaven, for the dew, and for the deep that coucheth beneath.”

Finally, Ezekiel 47:13-14 allots Joseph a double portion of the land; “Thus saith the Lord GOD; This shall be the border, whereby ye shall inherit the land according to the twelve tribes of Israel: Joseph shall have two portions.”

Of Asher, Jacob prophesied, “Out of Asher his bread shall be fat, and he shall yield royal dainties.” (Genesis 49:20)

In addition, Deuteronomy 33:24 records, “And of Asher he said, Let Asher be blessed with children; let him be acceptable to his brethren, and let him DIP HIS FOOT IN OIL.”


I’ve been reading a fascinating book on this subject entitled; “Breaking the Treasure Code” by James Spillman and Steven M. Spillman.

James Spillman began working on breaking the Scriptural ‘code’ that reveals where Israel’s God-given treasure is buried back in 1973. In 1981, Spillman published a book detailing his findings.

In recent years, work by Zion Oil and others have found evidence of enough oil to make Israel a major global oil producer on a par with Saudi Arabia.

There exists the possibility of a major Israeli oil discovery in exactly the place the Bible said it would be found. Think of the implications!

The first and most obvious is the vindication of yet another Bible prophecy, and another powerful evidence of its Author’s continued involvement in the affairs of men in these last days.

It will be much more difficult to dust out the old ‘coincidence’ argument when Israel becomes a global oil center based entirely on Scriptural references to the exact spot where it was hidden.

Additionally, it could completely upset the current balance of power. A major oil strike could potentially make Israel as wealthy as any Arab oil kingdom.

It is unlikely that the Arab states would allow Israel membership to OPEC, which could signal the end of the oil cartel’s power and its stranglehold over the US economy.

An oil strike in Israel would be catastrophic to the Arab oil economy.

And, as noted, Israel is currently one of the former Soviet Union’s most valuable customers. An oil strike would instantly reverse the equation, depriving Russia of its current income while becoming one of its major competitors.

“Breaking the Treasure Code” makes a powerful case for the existence of oil hidden deep within Israel, explaining the relevant Scriptures and exploring the deeper meanings that come to the front when examined in context.

“Breaking the Treasure Code” is divided into two books within a book; Book I being Jim Spillman’s original 1981 publication, with Book II comprising Steve’s followup on developments in the years since.

Uniquely, Spillman explores the significance of a major oil strike in Israel to the unfolding tapestry of Bible prophecy for the last days, in particular, Ezekiel’s ‘Gog-Magog’ war scenario against Israel, uncovering Scriptural secrets hidden ‘until the time of the end’, as the angel told Daniel (12:4)

“Breaking the Treasure Code is both fascinating and relevant as the world grows increasingly dependent on a steadily dwindling energy supply.

So is its subject material, as it grows equally apparent that the days leading to that final countdown are dwindling as rapidly as the global energy supplies.

“And when these things begin to come to pass, then look up, and lift up your heads; for your redemption draweth nigh.” (Luke 21:28)

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About Pete Garcia

Christian, father, husband, veteran, pilot, and sinner saved by grace. I am a firm believer in, and follower of Jesus Christ. I am Pre-Trib, Dispensational, and Non-Denominational (but I lean Southern Baptist).

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