[Eric in the Ozarks]

Lets see what this does to open interest numbers today...

[P-40]

Are there any caribou in the Gulf of Mexico? :)

[null and void]

It's in international waters.

Cuba and China will drill it dry before our 'betters' will allow us to touch it.

[Cicero]

I'm sure the Democrats will find some way to block this. After all, we wouldn't want to see the price of gas dropping at the pumps.

[bitt]

last one there's a rotten egg........

[dirtboy]

During the test, the Jack 2 well sustained a flow rate of more than 6,000 barrels of oil per day, Statoil said.

6,000 bbls a day? Dang, that's like a Saudi well.

[RayChuang88]

BP once estimated that there could be more oil than the entire Middle East combined just in the Gulf of Mexico. Once the technology to do automated deep sea floor extraction becomes practical, that--combined with heating oil shale using the method Royal Dutch Shell developed--could mean North America may have 2-3 times all the oil in Iraq, Iran, Saudi Arabia, Kuwait, Qatar, and the UAE combined. That could mean OPEC could end up losing 25% of their customer base.

[wildbill]

The world must have been up to its ass in dinosaurs at one time for all this oil to be down there, right?

And I guess they must have been the burrowing kind to get so deep.

[Gritty]

[rightinthemiddle]

This story should be in the sidebar...it's a big story today!

[tobyhill]

Ba Bye Venezuela.