Drilling deeper for dollars

Jul 1 - As oil consumption grows and access to most oil-rich regions becomes increasingly restricted, companies are venturing farther out to sea, drilling deeper than ever in their quest for energy.A decade ago when Chevron's Petronius came online it was one of the deepest water oil production facilities in the Gulf of Mexico --at 17-hundred feet.

The next oil frontier - and the challenge for oil exploration - lies below 10,000 feet of water, through five miles of hard rock, thick salt and tightly packed sands.

Ruben Ramirez reports.

Category:

News & Politics

Tags:

• Oil
• drilling
• energy
• sources
• reuters
• business_gf

[intermitrj]

The big Oil corporations are trying their best to stop free energy ideas from spreading to common ppl.

We need to put an end to this corruption ,start generating ur own electricity now.

Visit LT-MAGNET-MOTORdotCOM and get the blueprints . Join the Revolution!!

[Dangerwinn]

SOS Everybody must watch this! Warning from NASA.

watch?v=JUtVQ7QbCNU

[a1randy]

how about a tiny patch in a HUGE WASTELAND ?

not Drilling in ANWAR is Really Fucking Dumb,

thankyou for supporting Terrorists you "greens"

[DAusc90]

What about the oil off our coast? The AP forgot about that.

[TECHKLEC]

I can't imagine the technical obsticals in going down ten thousand feet of water only to be faced with getting through five miles of rock to hit a target, and then pumping it out sucessfully.