Columnist: "Progress Requires" Women Watch Katie Couric | Main | More Katie Couric News
September 05, 2006

Biggest Oil Field Since Alaska Found In Gulf (Hopefully)

NYT link. Here's the good stuff.

What could be a major discovery of domestic oil in the Gulf of Mexico was announced today by a trio of companies led by Chevron Corporation.

The discovery, in the deepest water yet explored in the Gulf, could be the biggest domestic oil field since the northern Alaska field opened a generation ago.

The news pushed the price of crude oil to a five-month low of $68.38 a barrel in midday trading, although tensions in the Middle East and the threat from hurricanes remained as concerns for traders.

The new field’s location near the coast of the United States makes it particularly attractive, said J. Larry Nichols, the chairman of Devon Energy Corporation of Oklahoma City, which holds a 25 percent interest in the find. The discovery “could not have happened in a better place,” he said in a news conference.

Sweet, sweet light crude.


digg this
posted by Ace at 04:34 PM

| Access Comments




Recent Comments
JT: "hello ? ..."

Forgot My Nic [/i]: " [i]Nice! Redskins stranded in locker room overni ..."

Bruce: "Hmm. With all this google tracking crap, I go to m ..."

Mr. Peebles: ""The Philadelphia Police Department released a sta ..."

Nevergiveup: "Morning all Finally got sleep last night after ..."

Forgot My Nic [/i]: "[i]The disaster and its aftermath provide a test f ..."

Hadrian the Seventh: " [i]I get to see the Blood-borne Pathogens traini ..."

IrishEi: "Nice! Redskins stranded in locker room overnight ..."

t-bird: "Kasich: [i]"... if I'm helping people to realize t ..."

Nunya Bidness: "No wonder Muldoon wants Omarosa. She has demonstra ..."

The Great White Scotsman: "I see the green flash on clear mornings in Kansas. ..."

NaCly Dog[/i][/b][/s]: "Early morning of mandatory fun. In-service back t ..."

Recent Entries
Search


Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64