As I've noted before, I'm not a big fan of the petro-chemical industry...but the Gret Stet, or at least the politicians, have aligned their compass with it, for better or worse.
Chevron Corp. said Tuesday it had successfully drilled for oil in the Gulf of Mexico's deep waters, in what could be one of the most significant finds for the domestic oil industry in a generation.
The successful well, known as Jack 2, reached a record total depth of 28,175 feet, coming in 7,000 feet of water, and more than 20,000 feet under the sea floor. Analysts said the find suggested the success of that drilling may mean more oil than previously believed is available under the Gulf of Mexico, a region that already provides a quarter of U.S. output...
During the test at record depths and pressure, the Jack No. 2 well flowed at more than 6,000 barrels of crude per day, Chevron said. That puts it on a par with discoveries in exploration hotspots such as the waters off Angola...
Chevron first announced the discovery of the Jack prospect in September 2004. It is 270 miles southwest of New Orleans and 175 miles offshore. The test on Jack 2 broke Chevron's 2004 Tahiti well test record as the deepest successful well test in the Gulf of Mexico.
Without the infrastructure provided by Louisiana, there'd be no way to transport and/or process the crude. To use an analogy: it'd be as if the only filling station was, well, out in the Gulf, which isn't exactly an area you can drive to.
The Gret Stet washing away isn't just a local issue, but one of vital, national, strategic concern...
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