New Oil Source Tapped in Gulf of Mexico
Chevron and two other oil companies announce that they have successfully tested a new oil well deep in the Gulf of Mexico. An exploratory oil rig, drilling to a record-setting depth and pressure, flowed at a rate of 6,000 barrels of crude oil per day, and the find has the potential to be a significant new energy source.
Barbara Shook, an analyst with Energy Intelligence Group in Houston talks with Alex Chadwick about the find.
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