September 5, 2006

DRILL, FIND:

Oil companies see big Gulf of Mexico discovery (AP, 9/05/06)

Results from a deep-water test well in the Gulf of Mexico suggest a new pool of oil and gas that could boost U.S. reserves by as much as 50 percent.

Chevron Corp. on Tuesday estimated the 300-square-mile region where its test well sits could hold between 3 billion and 15 billion barrels of oil and natural gas liquids. Analysts are calling it the most significant domestic discovery since Alaska’s Prudhoe Bay more than a generation ago.


Hurricane forecast downgraded (Rocky Mountain News, September 5, 2006)
What once looked like a hurricane season to rival the last two years is starting to fizzle and forecasts have been downgraded.

The Colorado State University hurricane forecast team now is downgrading this year’s predicted number to 13 named storms that will form in the Atlantic basin. ,/blockquote>

Posted by Orrin Judd at September 5, 2006 4:25 PM
Comments

I assume this means Karl Rove has an oil-creating machine, to go along with his hurricane weather control device.

Posted by: John at September 5, 2006 5:40 PM

Even at 15 billion barrels, that covers less than two years of US consumption. We'll still need alternative fuels in our future.

Posted by: Robert Duquette at September 5, 2006 8:23 PM

We won't need them, but we'll have them.

Posted by: oj at September 5, 2006 10:13 PM

ANWAR, California & Florida coasts, shale from Utah - there's plenty more to be found, too. The sooner we access all of it, the sooner the Saudis et al can pound sand - or eat it!

Posted by: obc at September 5, 2006 11:27 PM

And don't forget all that loverly coal, IL is the Magic Kingdom of coal.

Posted by: Sandy P at September 5, 2006 11:30 PM
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