Quote:
Originally Posted by fishbones
Spence, I thought I read that it was possible that there was 3 to 15 billion barrels in that area in the gulf. The world uses 84 million barrels a day, so 500 million wouldn't have much of an impact on the long range price of oil. Billions on the other hand, could bring down the future price.
|
I'm sure there's the possibility for billions of undiscovered reserves in the Gulf...possibility.
Also note that this discovery was 35,000 feet down!
-spence