Looks like
a) this is natural gas, not oil,
b) it's less in Israel and more in the Mediterranean sea and
c) it actually is really close (within 100 miles) of the approximate location the Biblical text is purported to indicate
That said, the "oil in Israel" thing seems to be a gross misapplication of the Biblical text. It wouldn't be surprising if oil were discovered under Israel--that whole region seems to be lousy with the stuff--but I'm very skeptical of the Biblical prophecy issue.
(For those curious about how I arrived at point C, I went to Google News, searched for "israel gas" and took the
most likely-looking hit. It said the gas was found under the Mediterranean 60 miles off the coast of Haifa. I then looked up Haifa on Wikipedia, compared its location to that of the map of the land given to the tribe of Asher on WND, and estimated the approximate distance. Unlike WND, I do like to cite my sources.)
