Creationist oil drilling

More on Zion Oil and Gas, a company tied to Hal Lindsey that picks sites to drill for oil based on misinterpretations of the Bible--and they're looking in Israel. The Bronte Capital blog writes about the company as a counterexample to the claim that all oil exploration work uses mainstream old-earth geology, so now, to be accurate, you need to say that this is true of all successful oil exploration work. (I believe Uri Geller allegedly helped in some oil or mineral exploration in the past, so the former claim had already been falsified, though I think the latter still holds.)

Bronte Capital notes that since Zion can claim that it is making its decisions based on constitutionally protected religious belief, that may be a defense against accusations of stock fraud.

Zion's stock trades on the American Exchange under stock symbol ZN. It has a market capitalization of $85.17 million, and closed last week at $8.00/share, near the bottom of its 52-week range ($5.07-$17.68). The company formed in 2000 and has offices in Texas and Israel.

The company's stock is, unfortunately, not available for shorting.

Here's a Zion promotional video:





(Previously.)