The Land of Israel fund has planted groves of olive trees on the Mount of Olives overlooking Temple Mount. They expect that the trees will produce pure olive oil for lighting the lights for Chanukah 2012.
http://unitedwithisrael.org/olives/
http://www.youtube.com/watch?feature=player_embedded&v=jzlIQFhYKTc
Olive oil from the Mount of Olives
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