September 2, 2009

BP's New Find

Today BP announced it had found a "Giant" oil find in the Gulf of Mexico. After drilling deeper than Mt Everest is tall, BP found what it estimates will provide 600,000 bpd by 2020.

By that time it would be nice if refining and extraction technology were more able to resist shutdown or damage from hurricanes in the Gulf. After the damage wreaked by hurricanes Katrina and Ike, it would be foolish not to prepare years in advance for possible hurricane damage.

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