Major Oil Discovery
Are we that lucky? A major oil field was found in the Gulf of Mexico which could turn out to be as big as 50% of our oil reserves. I’ve heard that it may take several years to tap into the new found oil field. This is great news for the United States as the market responded positively today. Now, if we can only create new technologies to stop our future reliance on oil, particularly Middle East oil. It would make my day for a month or so.
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