Another major border dispute has broken out between Israel and Lebanon, one that offers each country the choice of sharing prosperity or inflicting on each other an economic catastrophe. The Israeli Cabinet on Sunday approved the coordinates of an exclusive economic zone delineating waters up to 200 nautical miles off its coast in which it claims oil and gas exploration rights. The borders of the area overlap with those submitted by the Lebanese government six months ago to the United Nations in delineating its own claims for an exclusive economic zone. The overlap area in dispute consists of about 5.8 square miles.…  Seguir leyendo »