Don't kid yourself. Four billion is a significant, in fact, large find and worth the cost of extraction. A 100 million barrel field of deep water oil is marginal in today's market. Extraction costs for deep water oil is around $30 per barrel in a large field. It is significantly higher in a small field.
Why be so US centric? Oil is a world market. It doesn't matter where it goes until there is a shortage. And then it will flow to the highest bidder as it should.
Increases in economically produced world oil reserves, no matter what size field, helps everyone. A similar situation works in farming. There is more than one cornfield but its individual output doesn't move the market.
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Today's Featured Article - Tuning-Up Your Tractor: Plugs & Compression Testing - by Curtis Von Fange. The engine seems to run rough. In the exhaust you can hear an occasion 'poofing' sound like somethings not firing on all cylinders. Under loaded conditions the tractor seems to lack power and it belches black smoke out of the exhaust. For some reason it just doesn't want to start up without cranking and cranking the starter. All these conditions can be signals that your unit is in need of a tune up. Ok, so what is involved in a tune up? You say, swap plugs and file the points....now tha
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