SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Foreign Affairs Discussion Group
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: mistermj who wrote (206976)10/26/2006 9:55:52 AM
From: Keith Feral  Read Replies (1) of 281500
 
I believe in deep oil more than peak oil. Most of the low hanging fruit is gone, we have to drill deeper in offshore waters to find the big pools of oil, like the jackfish 2 reserve in the gom. There will be more substantial discoveries offshore in the gom closer to the florida coastline.

XOM is sticking to their guns through more conventional oil e & p discovery techniques. They have not capitulated to the $500,000 day rates for deep water drilling rigs. However, with $10 billion a quarter in profits, I'm sure they could build a few of their own when the time is right.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News