Giant Puddle of Oil Found Under Gulf of Mexico
In one of the largest oil finds in several decades, Chevron successfully ran a test-well in the Gulf of Mexico into a reserve with the potential for 3-15 billion barrels. The drilling opened up new possibilities for ultra-deepwater offshore drilling, but don’t expect it to affect pump price anytime soon. The first drop won’t hit markets until 2012, experts say.
Which is all fine and dandy because by that time we’ll all be driving cloud cars, right?
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