September 06, 2006

Peak Oil Theory: Out the Window

Chicxulub - non-biological oil producer?
A huge oil discovery has been made by Chevron in the Gulf of Mexico. Just goes to show that Peak Oil theorists don't know Jack.
Chevron Corp. and its partners say they have tapped into an area that may contain as much as 15 billion barrels of oil in the ultradeep waters of the Gulf of Mexico — the kind of massive reservoir of crude that the industry dubs an elephant discovery.
I hope the US doesn't miss the boat in developing this great wealth of energy. It should be ours, all ours.
Do you suppose it could be asteroid oil?

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