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Genie Oil:
Genie Energy Ltd. is an American energy company headquartered in Newark, New Jersey. It is a holding company comprising Genie Retail Energy, a retail energy provider in the United States, and Genie Oil and Gas, which is pursuing a conventional oil project in the Israeli-occupied Syrian Golan Heights.
Genie was part of IDT Corporation but was spun off on October 31, 2011, at which point Class B common stock of Genie Energy Ltd. began trading on the NYSE under the ticker symbol "GNE". [1]
Genie's founder, chairman, controlling shareholder and CEO is Howard Jonas. Avi Goldin serves as the company's CFO, Michael Stein is the company's COO and Geoffrey Rochwarger serves as Vice Chairman. The president of its Israeli subsidiary is Effie Eitam. Genie Energy's Strategic advisory board is composed of: Dick Cheney (former vice president of the United States), Rupert Murdoch (media mogul and chairman of News Corp), James Woolsey(former CIA director), Larry Summers (former head of the US Treasury), Bill Richardson, former Governor of New Mexico, an ex-ambassador to the United Nations and United States Energy Secretary.[2], Michael Steinhardt, Jacob Rothschild,[3].[2], and Mary Landrieu. Former United States Senator from Louisiana.
In 2013, IDT Energy, Inc., a subsidiary of Genie Energy, acquired both Dallas-based Diversegy, LLC a commercial energy advisory and its network marketing channel, Epiq Energy. They are now wholly owned subsidiaries of Genie Energy Ltd.[4]
