In 1979, Prime Minister Menachem Begin and Egyptian President Anwar Sadat signed the historic Israeli-Egyptian peace treaty on the lawn of the White House in Washington D.C., under the watchful gaze of President Jimmy Carter. The peace that resulted, albeit cold, has lasted till this day. In its withdrawal from Sinai, Israel gave up the homes of 7,000 Israelis, military installations, strategic defense locations – and the Alma oil field and Sadot gas field, valued at more than $100 billion.
Had the Jewish State kept the oil reserves it had discovered in 1973, it would have meant energy independence for Israel. Currently
Egypt supplies approximately 40 percent of Israel's natural gas through the Sinai pipeline, which has been
repeatedly attacked by terrorists since the
Tahrir Square revolution that ignited at the beginning of this year. Israeli citizen's electricity bills have risen as a result.