Zeev's Turnips Talk Politics (ZTTP)

[samaelrocks]

I'd like to see a map of that. Apparently, a lot of it is deep water locations:

"With prices at $135 dollars a barrel, everyone is trying to pump as much as they can, he said. But fearing oil prices will eventually fall, the industry is leery about making too many investments in the fields it has - many of which are in deepwater areas that can be pricey to develop."

http://money.cnn.com/2008/06/23/news/economy/oil_drilling/index.htm?cnn=yes

So they're interested in finding more efficient, cheaper ways to get the commodity. If Al Gore found out there was oil on the moon, he'd be pushing to cancel ALL U.S. leases (except for China and Russia) and force Exxon to build an oil export on the moon.