United Nations, The Economic Costs of the Israeli Occupation for the Palestinian People: The Unrealized Oil and Natural Gas Potential (2019)

According to a 2019 United Nations report titled “The Economic Costs of the Israeli Occupation for the Palestinian People: The Unrealized Oil and Natural Gas Potential,” “Geologists and natural resources economists have confirmed that the Occupied Palestinian Territory lies above sizeable reservoirs of oil and natural gas wealth.” The United Nations estimates that the Palestinians are sitting atop 1.5 billion barrels of oil with an estimated value of $100 billion. Additionally, the UN estimates that Israel has deprived the Palestinians of $2.57 billion in natural gas reserves.