Don't kid yourself. Four billion is a significant, in fact, large find and worth the cost of extraction. A 100 million barrel field of deep water oil is marginal in today's market. Extraction costs for deep water oil is around $30 per barrel in a large field. It is significantly higher in a small field.
Why be so US centric? Oil is a world market. It doesn't matter where it goes until there is a shortage. And then it will flow to the highest bidder as it should.
Increases in economically produced world oil reserves, no matter what size field, helps everyone. A similar situation works in farming. There is more than one cornfield but its individual output doesn't move the market.
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Today's Featured Article - The Nuts and Bolts of Fasteners - Part 2 - by Curtis Von Fange. In our previous article we discussed capscrews, bolts, and nuts along with their relative hardness and thread sizes. In this segment we will finish up on our fasteners and then work with ways to keep them from loosening up in the field. Capscrews, bolts and nuts are not the only means of holding two parts together. When dealing with thinner metals like sheet tin, a long bolt and
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