Wednesday, September 2, 2009


Folks in the awl bidness, as they say in Texas, are all googly-eyed. BP has supposedly made a huge discovery in the Gulf 250 miles S.E. of Houston. They drilled to a staggering depth of 35,000 feet to tap the field and it's claimed that by 20s it'll be putting out 600,000 barrels per day. That's a whole 50% of the current total Gulf production. Apparently it's the deepest well ever drilled for crude production and not all that far off from the deepest gas wells. So much for the whole silly "peak oil" kerfluffle.


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