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squanderer

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squanderer

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Thursday, 02/07/2008 3:30:23 PM

Thursday, February 07, 2008 3:30:23 PM

Post# of 107353
Conoco Phillips and Shell just spent over $2.7 billion on 29.4 million acres of leases on the Chukchi Sea yesterday here in Alaska. The area is just to the Northwest of Prudhoe Bay and is fairly shallow water...Remember what happened in '69 in Prudhoe. The black gold is still flowing from there!! Lots of oil in that area and those big companies don't spend that kind of money on leases unless they've done their homework. Another chapter unfolds for underwater drilling!!
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