Wednesday, December 01, 2004

End of Gulf of Mexico Oil in Sight

Posted by Trent Walters at 11:31 AM
Minerals Management Service, a branch of the U.S. Department of Interior predicts a drop in production in 2011 while the U.S. Department of Energy claims 2025.

Until then, the oil industry will be drilling "ultra-deep" (about a mile deep) into the ocean or about 5 miles deep in shallower waters.

This might be a good time to start working up alternatives.