Bring on the cheap oil! Chevron found a LARGE supply of oil!
http://www.cnn.com/2006/BUSINESS/09/05/ ... cnn_latest
Chevron oil find boosts hopes
POSTED: 9:39 a.m. EDT, September 5, 2006
NEW YORK (Reuters) -- Chevron Corp. said Tuesday it had successfully drilled for oil in the Gulf of Mexico's deep waters and analysts said the find suggested there may be more oil in the region that provides a quarter of U.S. output.
During the test at record depths and pressure, the Jack No. 2 well flowed at more than 6,000 barrels of crude per day, Chevron said. That puts it on a par with discoveries in exploration hotspots such as the waters off Angola.
The Wall Street Journal cited Chevron officials as estimating recent discoveries in the Gulf of Mexico could hold as much as 15 billion barrels of oil and gas reserves. That would boost U.S. current reserves by 50 percent.
This along with oil prices dropping like crazy! I looove it. Tho I'd also love a national plan to get off of oil towards something that doesn't rely on us begging for Arab and Muslim nations that want us dead.
There's nothing I'd love more than for America to get off of oil, or have our demand drop like crazy, and have the tyrannical muslim nations and Venezuela get pissed off.
-Jesse