Genie Energy Ltd. (Genie) owns approximately 99.3% of its subsidiary, Genie Energy International Corporation, which wholly owns Genie Retail Energy and approximately 92% of Genie Oil and Gas, Inc. The Company operates in two segments: Genie Retail Energy and Genie Oil and Gas. Genie Retail Energy is an independent supplier of electricity and natural gas to homes and small business in the Mid-Atlantic and Midwestern United States. Genie Retail Energy operates retail energy providers, including IDT Energy and Residents Energy, and energy brokerage and marketing services. Genie Oil and Gas, Inc. is a resource and technology development company, engaged in producing transportation fuels from oil and gas resources. Genie Oil and Gas, Inc. has projects, including a conventional oil and gas project in Northern Israel and early stage unconventional projects.