"If this happens over the next few years, the Eastern Mediterranean will become an important supplier for Europe, since it will be able to replace the North Sea-Norway, Netherlands and British fields, which are declining."
Canada should do the same thing like Norway's. Norway produces the largest budget surpluses in the developed world and has no net national debt. Norway's miracle was built upon the highest corporate tax in the world, a wealth tax, and a 78% tax on oil profits. http://www.progressivepress.net/us-fiscal-debate-could-learn-from-norway/