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Wednesday, June 08, 2011

ExxonMobil discovers more oil in Gulf of Mexico - Jun. 8, 2011

ExxonMobil discovers more oil in Gulf of Mexico - Jun. 8, 2011: "'This is one of the largest discoveries in the Gulf of Mexico in the last decade,' said Steve Greenlee, president of ExxonMobil Exploration Company, in a press release.
Dan Dicker, an oil trader for 25 years and author of 'Oil's Endless Bid: Taming the Unreliable Price of Oil to Secure Our Economy,' said the discovery would provide enough oil to power the U.S. for 28 days, based on the daily consumption of 25 million barrels.
'It's not insignificant at all,' said Dicker. 'It's not an energy solution, but it's a significant piece of our supply puzzle.'"

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