As of August, 2009, IDT Corporation organized its energy supply and oil share interests together into a new division, called Genie Energy. With Wes Perry, an oil and gas entrepreneur as Genie’s Chairman of the Board, this sector is comprised of IDT Energy, American Shale Oil, LLC (AMSO), and Israel.
As Mr. Perry said, “Genie Energy is developing the technologies America and Israel want to make rapid progress toward energy independence, while IDT Energy is poised for continued growth in the consumer market.”
Geoffrey Rochwarger, who launched IDT Energy for IDT in 2004, will begin to serve as Genie Energy’s President and Chief Executive Officer.
