BP Strikes Again - Huge OIl Discovery

Oil giant BP says it has made a "giant" new oil discovery in its fields in the Gulf of Mexico.
BP is currently the largest producer of oil and gas in that area, with net production equivalent to more than 400,000 barrels of oil a day.
The company said it drilled the well, dubbed Tiber, to a total depth of about 35,055ft (10,685m), making it one of the deepest wells drilled to date, in the world. (Is that a good thing?... drilling the planet full of VERY deep holes?) BP shares rose 3.8% , making it the biggest gainer in the FTSE 100.

Tiber represents BP's second material discovery in the Lower Tertiary area of the Gulf of Mexico, after Kaskida. BP said the discovery, amounting to an estimate of more than three billion barrels, would "support the continuing growth of our deepwater Gulf of Mexico business into the second half of the next decade". The oil firm will now undertake surveys to determine the oil field's exact size and commercial potential.

The industry-wide definition for a "giant" discovery is at least 250 million barrels of oil , BP spokeswoman Sheila Williams said. A potential 3 billion barrels is then what? A 'humongous' discovery?
BP first started drilling in the Tiber well in March. The oil firm controls 62% of the Tiber, along with 20% held by the Brazilian state-controlled company Petrobras and US firm ConocoPhillips with 18%. It has nine projects in various stages of development in the Gulf of Mexico.

With these massive new oil discoveries being developed ,what's happening with our drive to find alternative fuels. It will definitely be put on the back burner....put on hold. It's much easier to sit back and burn more oil and fill the air with carbon dioxide and push the earth one step closer to the brink of extinction. So just relax and let the oil companies dictate our economy and poison our world.

I don't know what it will take to make people aware of the inherent danger in extracting more fossil fuels...Global warming just isn't driving the message home.