Thank God For Big Oil!

Image by Calsidyrose via Flickr

Big Oil does a great job providing western consumers with a reliable supply of gas and oil. And they do this in spite of the roadblocks thrown their way.

Exxon Mobil said Wednesday it has discovered an estimated 700 million barrels of oil equivalent at a deepwater well off the Louisiana coast, a major find that a top House Republican argued should push the administration to speed up offshore permitting.

"This is one of the largest discoveries in the Gulf of Mexico in the last decade,” Exxon Mobil Exploration Company President Steve Greenlee said in a statement....

The well is located about 250 miles south of New Orleans in about 7,000 feet of water, Exxon Mobil said.

Way to go, Exxon -- keep our motors runnin'!

Related articles

• Exxon discovers 700 million barrels in Gulf of Mex (marketwatch.com)
• Energy Stocks: Exxon Mobil, $100-a-barrel oil lift energy stocks (marketwatch.com)
• Exxon makes 3 deepwater finds in the Gulf (msnbc.msn.com)