The Truth About Our Oil Reserves
Pumped Up: Chevron Drills Down 30,000 Feet to Tap Oil-Rich Gulf of Mexico
The Cajun Express has bored the deepest offshore well in Gulf history.
“Isn’t this transcendent?” Paul Siegele shouts as he presses his nose to the window of a Bell 430 chopper hurtling through a sky thick with rain and pitchfork lightning. We’re flying over the Gulf of Mexico, above some 3,500 oil production platforms, and Siegele is pointing them out with the verve of a birder — here a miniature oil rig known as a monopod; over there a drill ship almost as big as the Titanic; still farther out, platforms looking like huge steel chandeliers that dropped out of the storm-shaken clouds.
Siegele has reason to be giddy. He works for Chevron, and his team is sitting on several new record-breaking discoveries in the Gulf, a region that many geologists believe may have more untapped oil reserves than any other part of the world. On this trip, the 48-year-old vice president for deepwater exploration has come to a rig called the Cajun Express to oversee final preparations before drilling begins on the company’s 30-square-mile Tahiti field.
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A long article(4 pages), but well worth the read.
This is the reason the oil companies make their profits: they take huge physical and financial risks, and when they pay off, the corresponding rewards are great. If we really want independence from foreign oil, the oil companies are the way to go, leftie alarmists notwithstanding.
