Another Day, Another Massive Oil Discovery

I seem to be writing alot of these type posts...

British Petroleum (not Beyond Petroleum as those nauseating ads would like you to think) has found a double special shitload of oil...250 miles from Houston in the Gulf of Mexico. Could be over 3 billion barrels of oil (it is nearby another 3 billion barrel field). But as I usually say, "but we can't drill our way out of our energy problem, nothing to see here, move along...yadayadayada..."

BTW, this oil was found 35,000 feet down, deeper than Mt. Everest is tall. Julian Simon's ghost anyone?

Ho hum, chalk up another in a long long long long line.

UPDATE: Here's a tidbit about a smaller find (but no slouch at 275 million barrels) in the British North Sea. What is the point? Both these finds come in the two famous, long-explored oil regions that are supposedly too exhausted and picked over, so say the Peak Oilers.