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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Doc Bones who wrote (70429)9/5/2006 10:22:15 AM
From: onginvester  Read Replies (2) of 206326
 
"Chevron and Devon officials estimate that the recent discoveries in the Gulf of Mexico's lower-tertiary formations hold more than three billion barrels' and perhaps as much as 15 billion barrels' worth of oil and gas reserves. If the industry succeeds in finding 15 billion barrels of oil, it would boost the nation's current reserves of 29.3 billion barrels by 50%."

So much for the bulls case of no new big discoveries.
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