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Another 3,000,000,000 barrels of oil that the US will never go after

September 2, 2009

BP Plc, Europe’s second-largest oil company, reported a “giant” discovery at the Tiber Prospect in the Gulf of Mexico that may contain more than 3 billion barrels, after drilling the world’s deepest exploration well.

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.

bloomberg

For the world to be running out of oil we sure find a lot of new sources all the time.

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One Comment leave one →
  1. September 2, 2009 5:08 pm

    There’s a saying out here in the oil patch: there’s only about ten years’ worth of oil left, there always has been, and there always will be.

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