^^^^^
Uh-oh, what will the Peaksters do?
Doug
^^^^^^^
"A test well indicates it could be the biggest new domestic oil discovery since Alaska's Prudhoe Bay a generation ago. But the vast oil deposit roughly four miles beneath the ocean floor won't significantly reduce the country's dependence on foreign oil and it won't help lower prices at the pump anytime soon, analysts said."
Mark Jones: Playing Peaksters' advocate for a moment, if this is so much oil, how come it won't reduce U.S. dependence on "foreign" oil ? Isn't 50% of U.S. reserves 50% of a very small portion of all the known oil reserves in the world ?