BP Makes ‘Giant’ Oil Discovery in Gulf of Mexico
source: http://www.bloomberg.com/apps/news?pid=20601087&sid=a.x9.b7YSclI
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- TravG73
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The well is located about 250 miles (400 kilometers) southeast of Houston, the London-based company said today in a statement. It was drilled to approximately 35,055 feet (10,685 meters), greater than the height of Mount Everest.
The latest discovery will help BP, already the biggest producer in the Gulf of Mexico, boost output in the region by 50 percent to 600,000 barrels of oil equivalent a day after 2020. It’s equal to about a year’s output from Saudi Arabia, the biggest exporter in the Organization of Petroleum Exporting Countries, as well as coming close to matching the U.K.’s entire proven reserves.
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remanns
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They say the oil industry has "deep pockets".
- 2 years ago
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remanns
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read_noam_chomsky
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I'd just like to clear something up real quick for the people who think that the U.S. gets most of it's oil from the Middle East. The top three countries that the U.S. imports oil from are Canada, Venezuela and Mexico. In fact, out of the top fifteen countries that we get oil from, only three are in the Middle East.
http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/company_level_imp...
- 2 years ago
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read_noam_chomsky
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HowdyDo
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It doesn't matter how much they pull from the ground - they will still stifle gas production to drive up prices - the sooner we become less dependent the better - don't be a SHEEP!!!
- 2 years ago
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HowdyDo
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PajamaDan
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Great! Just what we need -- another oil rush and another appeasement for the greedy. Just in time to spark more bloodshed and pollution.
- 2 years ago
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PajamaDan
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mcgibson23
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Oh well in that case I guess we can just overlook their involvement in the release of the Lockerbie bomber.
Oh...legitimate question, is it considered domestic oil?
mgerlach22 mentioned middle-eastern oil but isnt that still considered foreign oil? - 2 years ago
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mcgibson23
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chokolat3warmth
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we're sucking the earth dry of all its lube
- 2 years ago
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chokolat3warmth
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mgerlach22
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What? Domestic oil? Less dependency on the middle east? About time.
- 2 years ago
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mgerlach22
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Chris_Globus
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Oil is still not sustainable, still pollutes and will still run out.
And in spite of any taxes placed on it, oil is still profitable.
And, if the "drill, baby, drill" crowd gets what they want, we'll still be having this conversation when we're trying get oil from whales again.
- 2 years ago
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Chris_Globus
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clownpuncher
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Chris_Globus:
you dont get out much do you
- 2 years ago
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clownpuncher
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s0uthc0ast
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Hooray for somebody doing something about providing for energy needs.
Hooray for some enity actually working to produce rather than loot.
Instead, the flacid rubes now in power see energy production as a contrived evil to be taxed rather than an essential component of a healthy economy. - 2 years ago
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s0uthc0ast
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hunzedog
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go for it. drill !
- 2 years ago
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hunzedog
