Isaac, and Jacob. Old Testament
Israel is redefined as the covenant
people, the people of faith in the
Old Testament. No longer is it
physical descent that makes one an
Israelite; it is faith in God.
To accomplish its goals, Covenant
Theology uses two methods, rather
than one, to interpret Scripture—
another serious flaw. Bible-believing
Covenant theologians use the histori-cal-grammatical-literal method of
interpretation for most of Scripture,
including all prophecy that has
already been fulfilled. However,
when it comes to unfulfilled prophecy, they turn to a different
method: an allegorical-spiritual one
that enables them to redefine Israel
and make it the church, rather than
the Jewish people. They also change
the Millennial Kingdom from a literal, future 1,000-year period into
the current Church Age. This belief
is referred to as Amillennialism
or Postmillennialism. 4
Because it is built on Replacement
Theology, to remove Replacement
Theology from Covenant Theology
would collapse the entire system.
It would force Covenant theologians to accept that God has two
distinct programs, one for Israel
and one for the church. Covenant
theologians would have to define
the church as beginning in Acts 2,
with Israel being a separate entity.
Further, they would have to accept
a literal, future Tribulation and the
Millennium. To accept this would
turn them into dispensationalists.
continued next issue
Israel May Have Oil!
Zion Oil & Gas at work on Israel’s onshore rig (Jack Guez/AFP/Getty Images).
1 Renald E. Showers, There Really Is a Difference
(Bellmawr, NJ: The Friends of Israel Gospel
Ministry, 1990), 10.
2 Ibid., 9–10.
3 Ibid., 10–13.
4 Ibid., 19–24, 127, 136–137.
For years, many believed the mission of Texas-based Zion Oil & Gas to be nothing more
than a pipe dream, the false hope of
ideological Christian Zionists. But
Zion Oil & Gas’s Matt Dickerson has
told Israel Today that one of the company’s drilling sites in Israel is monitoring a significant release of hydrocarbons, an organic compound that
most commonly occurs in crude oil.
Israel has already succeeded in
finding enormous natural gas fields,
but it is now believed that deep
below the gas there is oil. It is that
deep strata that Zion Oil & Gas and a
few other companies are targeting.
Being able to extract and export
oil, in addition to natural gas, in a
commercially viable way would
transform Israel almost overnight.
No longer would the Jewish state
have to rely on energy sources from
hostile or self-serving providers.
For its long dedication to helping
Israel achieve this goal, Zion Oil &
Gas, a wholly Christian-owned and
operated company, has secured the
trust and backing of the Israeli government. Zion Oil & Gas recently
won approval to do exploratory
drilling in the northern parts of the
Jordan Valley, an area covering nearly 56,000 acres. Together with its
Joseph License and its Asher-Menashe License, the company’s new
Jordan Valley License now gives Zion
Oil & Gas drilling rights over 218,000
acres of northern Israel.
James A. Showers is executive
vice president and chief financial
officer for The Friends of Israel.
by Israel Today,
ISRAEL MY GLORY