Economics

Gulf’s $1.5 trillion oil wildcat play marks post-spill drilling ‘renaissance’

Gulf’s $1.5 trillion oil wildcat play marks post-spill drilling ‘renaissance’ (via The Christian Science Monitor)

The satellite oil rig ‘Danny Adkins,’ owned by Noble Oil, is seen on the horizon from the Perdido platform in the Gulf of Mexico. (Jon Fahey/AP) Deep below the Gulf of Mexico lies a structure called the Lower Tertiary, long thought by academics to be…

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